Silynxcom Ltd. (NYSEAMERICAN:SYNX) Shares Shorted: Short Interest Up 137.4% in October

Silynxcom Ltd. (NYSEAMERICAN:SYNX) saw a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 8,650 shares, a growth of 137.4% from the September 30th total of 3,643 shares. Based on an average trading volume of 12,947 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.1% of the company’s shares are sold short.

Silynxcom Stock Performance

Shares of SYNX stock opened at $0.90 on Friday. Silynxcom has a 1 year low of $0.65 and a 1 year high of $1.95. The stock’s 50 day simple moving average is $0.88 and its two-hundred day simple moving average is $1.04.

Silynxcom (NYSEAMERICAN:SYNX) last announced its earnings results on Monday, September 14th. The company reported ($0.06) EPS for the quarter. The firm had revenue of $3.10 million during the quarter.

About Silynxcom

Silynxcom Ltd. is an Israel-based communications technology company that develops and supplies tactical communication equipment for military, law enforcement, security and other professional users. Its products are designed to support reliable voice communication in demanding operating environments where users may need to coordinate while wearing helmets, protective gear or other equipment.

The company’s product portfolio includes tactical headsets, in-ear communication systems, push-to-talk devices, radio adapters, control units and related accessories.