Short Interest in Silynxcom Ltd. (NYSEAMERICAN:SYNX) Decreases By 63.9%

Silynxcom Ltd. (NYSEAMERICAN:SYNX) saw a significant decline in short interest in June. As of June 15th, there was short interest totaling 51,671 shares, a decline of 63.9% from the May 31st total of 143,022 shares. Approximately 0.8% of the shares of the stock are short sold. Based on an average trading volume of 58,537 shares, the short-interest ratio is currently 0.9 days.

Silynxcom Stock Up 2.9%

Silynxcom stock opened at $1.06 on Friday. The firm’s 50 day simple moving average is $1.19 and its 200 day simple moving average is $1.09. Silynxcom has a 1-year low of $0.73 and a 1-year high of $2.15.

Silynxcom (NYSEAMERICAN:SYNX) last announced its quarterly earnings results on Friday, May 1st. The company reported ($0.11) EPS for the quarter. The business had revenue of $1.77 million for the quarter.

Institutional Investors Weigh In On Silynxcom

A hedge fund recently bought a new stake in Silynxcom stock. Thompson Davis & CO. Inc. purchased a new position in Silynxcom Ltd. (NYSEAMERICAN:SYNX) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 29,999 shares of the company’s stock, valued at approximately $52,000. Thompson Davis & CO. Inc. owned approximately 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.