Silynxcom Ltd. (NYSEAMERICAN:SYNX) Short Interest Up 96.2% in December

Silynxcom Ltd. (NYSEAMERICAN:SYNX) saw a significant increase in short interest in December. As of December 15th, there was short interest totaling 73,873 shares, an increase of 96.2% from the November 30th total of 37,650 shares. Based on an average daily volume of 284,473 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 284,473 shares, the short-interest ratio is presently 0.3 days.

Silynxcom Stock Up 0.1%

Silynxcom stock traded up $0.00 during midday trading on Friday, reaching $0.96. The stock had a trading volume of 48,368 shares, compared to its average volume of 231,918. The firm’s fifty day simple moving average is $1.25 and its 200-day simple moving average is $1.53. Silynxcom has a 1-year low of $0.73 and a 1-year high of $6.49.

Silynxcom (NYSEAMERICAN:SYNX) last released its quarterly earnings results on Friday, September 26th. The company reported ($0.14) earnings per share for the quarter. The business had revenue of $1.13 million during the quarter.

Institutional Investors Weigh In On Silynxcom

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Thompson Davis & CO. Inc. acquired a new position in shares of Silynxcom during the 2nd quarter worth about $52,000. AWM Investment Company Inc. raised its holdings in Silynxcom by 56.0% during the second quarter. AWM Investment Company Inc. now owns 1,043,593 shares of the company’s stock worth $1,795,000 after acquiring an additional 374,561 shares in the last quarter. Finally, Warberg Asset Management LLC acquired a new position in Silynxcom during the second quarter valued at approximately $44,000.

Silynxcom Company Profile

Silynxcom Ltd. is involved in developing, manufacturing, marketing and selling ruggedized tactical communication headset devices as well as other communication accessories. Silynxcom Ltd. is based in Netanya, Israel.