Mynaric AG (NASDAQ:MYNA) Short Interest Update

Mynaric AG (NASDAQ:MYNA) saw a large decrease in short interest in the month of December. As of December 15th, there was short interest totalling 185,800 shares, a decrease of 20.9% from the November 30th total of 234,900 shares. Based on an average daily volume of 509,200 shares, the short-interest ratio is presently 0.4 days.

Mynaric Price Performance

Shares of Mynaric stock traded up $0.17 during midday trading on Friday, hitting $0.63. 4,468,590 shares of the company were exchanged, compared to its average volume of 147,168. The firm has a 50 day simple moving average of $1.08 and a 200-day simple moving average of $2.13. Mynaric has a 52 week low of $0.33 and a 52 week high of $254.80.

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.