Short Interest in Exyn Technologies, Inc. (NASDAQ:EXYN) Increases By 239.6%

Exyn Technologies, Inc. (NASDAQ:EXYN) was the target of a significant growth in short interest in August. As of August 14th, there was short interest totaling 238,865 shares, a growth of 239.6% from the July 30th total of 70,344 shares. Based on an average daily volume of 407,604 shares, the short-interest ratio is presently 0.6 days.

Analysts Set New Price Targets

EXYN has been the subject of several research analyst reports. Weiss Ratings initiated coverage on Exyn Technologies in a research report on Monday. They issued a “sell (e-)” rating for the company. Wall Street Zen cut shares of Exyn Technologies from a “hold” rating to a “sell” rating in a report on Saturday, August 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Institutional Trading of Exyn Technologies

An institutional investor recently bought a new position in Exyn Technologies stock. Alyeska Investment Group L.P. bought a new position in Exyn Technologies, Inc. (NASDAQ:EXYN) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 387,000 shares of the company’s stock, valued at approximately $2,012,000.

Exyn Technologies Stock Performance

Exyn Technologies stock traded up $0.14 during midday trading on Friday, hitting $3.51. 359,135 shares of the company were exchanged, compared to its average volume of 615,522. Exyn Technologies has a fifty-two week low of $1.50 and a fifty-two week high of $7.20. The stock has a fifty day simple moving average of $3.86.

Exyn Technologies (NASDAQ:EXYN) last posted its quarterly earnings results on Thursday, August 20th. The company reported ($1.55) EPS for the quarter. The company had revenue of $0.95 million during the quarter.

Exyn Technologies, Inc is a technology company in the Electronic Equipment & Instruments industry.