Silynxcom Ltd. (NYSEAMERICAN:SYNX) Short Interest Down 53.4% in July

Silynxcom Ltd. (NYSEAMERICAN:SYNX) was the recipient of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 26,180 shares, a decrease of 53.4% from the July 15th total of 56,179 shares. Based on an average daily volume of 25,776 shares, the short-interest ratio is currently 1.0 days. Approximately 0.4% of the shares of the company are short sold.

Silynxcom Price Performance

Shares of NYSEAMERICAN:SYNX traded up $0.01 during trading hours on Friday, hitting $1.07. The stock had a trading volume of 21,489 shares, compared to its average volume of 34,830. The stock’s fifty day simple moving average is $1.07 and its 200 day simple moving average is $1.10. Silynxcom has a 1-year low of $0.73 and a 1-year high of $2.15.

Hedge Funds Weigh In On Silynxcom

A hedge fund recently bought a new position in Silynxcom stock. Thompson Davis & CO. Inc. bought a new stake in Silynxcom Ltd. (NYSEAMERICAN:SYNX) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 29,999 shares of the company’s stock, valued at approximately $52,000. Thompson Davis & CO. Inc. owned 0.95% of Silynxcom at the end of the most recent reporting period.

About Silynxcom

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.