Mynaric AG (NASDAQ:MYNA) Short Interest Down 18.3% in July

Mynaric AG (NASDAQ:MYNA) was the recipient of a significant drop in short interest in the month of July. As of July 15th, there was short interest totalling 5,800 shares, a drop of 18.3% from the June 30th total of 7,100 shares. Based on an average trading volume of 3,900 shares, the short-interest ratio is currently 1.5 days.

Mynaric Price Performance

Shares of Mynaric stock traded down $0.13 during trading hours on Friday, reaching $3.89. The company had a trading volume of 316 shares, compared to its average volume of 3,734. Mynaric has a one year low of $3.01 and a one year high of $7.58. The business has a fifty day simple moving average of $4.25 and a 200 day simple moving average of $4.80.

Mynaric Company Profile

Mynaric AG develops and manufactures laser communication products for aerospace-based communication networks for government and commercial markets in the United States and internationally. It operates through Air and Space segments. The company's laser communication technology provides long-distance data transmission between moving objects for wireless space, airborne, and terrestrial applications.