Synchronoss Technologies, Inc. 8.375% Senior Notes due 2026 (NASDAQ:SNCRL) Sees Significant Decrease in Short Interest

Synchronoss Technologies, Inc. 8.375% Senior Notes due 2026 (NASDAQ:SNCRL) saw a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 8,400 shares, a decrease of 62.7% from the March 15th total of 22,500 shares. Based on an average daily volume of 12,100 shares, the days-to-cover ratio is presently 0.7 days.

Synchronoss Technologies, Inc. 8.375% Senior Notes due 2026 Price Performance

Synchronoss Technologies, Inc. 8.375% Senior Notes due 2026 stock traded down $0.58 during trading on Tuesday, reaching $24.65. The company had a trading volume of 1,355 shares, compared to its average volume of 11,401. Synchronoss Technologies, Inc. 8.375% Senior Notes due 2026 has a 1-year low of $17.55 and a 1-year high of $26.30. The firm’s 50-day simple moving average is $24.83 and its 200 day simple moving average is $24.84.

Synchronoss Technologies, Inc. 8.375% Senior Notes due 2026 Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be issued a dividend of $0.5234 per share. The ex-dividend date is Tuesday, April 15th. This represents a $2.09 dividend on an annualized basis and a dividend yield of 8.49%.

About Synchronoss Technologies, Inc. 8.375% Senior Notes due 2026

synchronoss technologies (nasdaq: sncr) is the mobile innovation leader that provides personal cloud solutions and software-based activation for connected devices across the globe. the company’s proven and scalable technology solutions allow customers to connect, synchronize and activate connected devices and services that empower enterprises and consumers to live in a connected world.