Short Interest in Satixfy Communications Ltd. (NYSEAMERICAN:SATX) Expands By 74.5%

Satixfy Communications Ltd. (NYSEAMERICAN:SATX) was the target of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 16,400 shares, a growth of 74.5% from the February 13th total of 9,400 shares. Based on an average trading volume of 246,600 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are sold short.

Analysts Set New Price Targets

A number of research firms have issued reports on SATX. Northland Capmk upgraded Satixfy Communications to a “strong-buy” rating in a research report on Thursday, December 5th. Alliance Global Partners started coverage on shares of Satixfy Communications in a research report on Monday, December 16th. They issued a “buy” rating and a $2.50 target price on the stock. Finally, Northland Securities initiated coverage on Satixfy Communications in a research note on Thursday, December 5th. They issued an “outperform” rating and a $2.00 price target for the company.

Satixfy Communications Trading Up 3.4 %

NYSEAMERICAN:SATX traded up $0.04 during mid-day trading on Friday, hitting $1.21. 142,964 shares of the company’s stock were exchanged, compared to its average volume of 235,597. Satixfy Communications has a fifty-two week low of $0.50 and a fifty-two week high of $2.39.

Hedge Funds Weigh In On Satixfy Communications

Hedge funds have recently modified their holdings of the business. Renaissance Technologies LLC increased its position in Satixfy Communications by 255.8% during the 4th quarter. Renaissance Technologies LLC now owns 199,597 shares of the company’s stock valued at $305,000 after purchasing an additional 143,497 shares during the period. Senvest Management LLC boosted its stake in shares of Satixfy Communications by 2.3% in the 3rd quarter. Senvest Management LLC now owns 4,277,958 shares of the company’s stock valued at $3,024,000 after purchasing an additional 95,115 shares during the last quarter. Finally, XTX Topco Ltd bought a new stake in shares of Satixfy Communications in the 4th quarter valued at $33,000. Institutional investors and hedge funds own 5.04% of the company’s stock.

Satixfy Communications Company Profile

Satixfy Communications Ltd. engages in the development of vertically integrated satellite communication systems and ground terminal chips worldwide. It offers application-specific and radio frequency integrated circuit chips, such as PRIME and BEAT antenna chips, which enable multi-beamforming and beam-hopping for satellite payloads and user terminals; and SX-4000 satellite payload chips, that enables digital on-board processing, beam- hopping, and enhanced connectivity needs, including positioning, navigation, and timing for LEO, MEO, and GEO satellite communications systems, as well as Aero/IFC systems, and certain COTM and on the pause applications.