Silynxcom Ltd. (NYSEAMERICAN:SYNX) Sees Large Drop in Short Interest

Silynxcom Ltd. (NYSEAMERICAN:SYNX) was the target of a significant decrease in short interest in December. As of December 31st, there was short interest totaling 26,991 shares, a decrease of 63.5% from the December 15th total of 73,873 shares. Based on an average daily trading volume, of 159,820 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 159,820 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. AWM Investment Company Inc. boosted its holdings in shares of Silynxcom by 56.0% in the 2nd quarter. AWM Investment Company Inc. now owns 1,043,593 shares of the company’s stock valued at $1,795,000 after buying an additional 374,561 shares in the last quarter. Thompson Davis & CO. Inc. purchased a new stake in Silynxcom in the second quarter valued at approximately $52,000. Finally, Warberg Asset Management LLC purchased a new stake in Silynxcom in the second quarter valued at $44,000.

Silynxcom Stock Performance

SYNX remained flat at $1.08 on Wednesday. The company had a trading volume of 30,848 shares, compared to its average volume of 122,609. Silynxcom has a 52 week low of $0.73 and a 52 week high of $4.55. The firm has a 50 day simple moving average of $1.13 and a 200 day simple moving average of $1.47.

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

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.