Short Interest in Satixfy Communications Ltd. (NYSEAMERICAN:SATX) Grows By 63.6%

Satixfy Communications Ltd. (NYSEAMERICAN:SATX) was the recipient of a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 116,300 shares, an increase of 63.6% from the October 31st total of 71,100 shares. Based on an average trading volume of 98,800 shares, the days-to-cover ratio is presently 1.2 days. Approximately 0.4% of the shares of the stock are sold short.

Institutional Trading of Satixfy Communications

An institutional investor recently raised its position in Satixfy Communications stock. Senvest Management LLC grew its stake in shares of Satixfy Communications Ltd. (NYSEAMERICAN:SATX) by 2.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,277,958 shares of the company’s stock after buying an additional 95,115 shares during the quarter. Senvest Management LLC owned approximately 5.15% of Satixfy Communications worth $3,024,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 5.04% of the company’s stock.

Satixfy Communications Price Performance

Shares of Satixfy Communications stock opened at $0.90 on Friday. Satixfy Communications has a 12-month low of $0.30 and a 12-month high of $1.11.

Satixfy Communications (NYSEAMERICAN:SATX) last announced its quarterly earnings data on Friday, September 6th. The company reported ($0.11) EPS for the quarter. The business had revenue of $4.15 million for the quarter.

Satixfy Communications Company Profile

Satixfy Communications Ltd. engages in the development of vertically integrated satellite communication systems and ground terminal chips worldwide. It offers application-specific and radio frequency integrated circuit chips, such as PRIME and BEAT antenna chips, which enable multi-beamforming and beam-hopping for satellite payloads and user terminals; and SX-4000 satellite payload chips, that enables digital on-board processing, beam- hopping, and enhanced connectivity needs, including positioning, navigation, and timing for LEO, MEO, and GEO satellite communications systems, as well as Aero/IFC systems, and certain COTM and on the pause applications.