Satixfy Communications Ltd. (NYSEAMERICAN:SATX – Get Free Report) was the recipient of a significant drop in short interest in March. As of March 15th, there was short interest totalling 63,700 shares, a drop of 44.2% from the February 29th total of 114,100 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average trading volume of 101,600 shares, the days-to-cover ratio is currently 0.6 days.
Institutional Trading of Satixfy Communications
Institutional investors have recently added to or reduced their stakes in the business. Penserra Capital Management LLC purchased a new stake in Satixfy Communications in the fourth quarter worth approximately $620,000. Engineers Gate Manager LP purchased a new stake in Satixfy Communications in the fourth quarter worth about $94,000. Vident Investment Advisory LLC purchased a new stake in Satixfy Communications in the 4th quarter worth approximately $164,000. Swiss National Bank bought a new position in shares of Satixfy Communications in the first quarter worth approximately $40,000. Finally, Senvest Management LLC bought a new position in Satixfy Communications in the 3rd quarter worth $1,393,000. 5.04% of the stock is currently owned by hedge funds and other institutional investors.
Satixfy Communications Stock Performance
Shares of NYSEAMERICAN SATX traded up $0.04 during midday trading on Thursday, hitting $0.69. The stock had a trading volume of 6,129 shares, compared to its average volume of 102,501. The firm’s 50 day moving average is $0.52. Satixfy Communications has a 52 week low of $0.28 and a 52 week high of $1.57.
About Satixfy Communications
SatixFy Communications Ltd. develops end-to-end next-generation satellite communications systems. The company offers satellite payloads, user terminals, and modems. Its products include modems that feature software defined radio; fully electronically steered multi beam antennas; and very small aperture terminals and multi-beam fully electronically steered antenna arrays for various mobile applications and services.
Featured Articles
- Five stocks we like better than Satixfy Communications
- The Significance of Brokerage Rankings in Stock Selection
- Foot Locker Builds Up Another Head of Steam; Gains Imminent
- How to Read Stock Charts for Beginners
- Disney Stock Catches 3 Upgrades In a Single Week
- What Are the FAANG Stocks and Are They Good Investments?
- Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Receive News & Ratings for Satixfy Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Satixfy Communications and related companies with MarketBeat.com's FREE daily email newsletter.
