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

Silynxcom Ltd. (NYSEAMERICAN:SYNX) was the target of a significant increase in short interest during the month of December. As of December 15th, there was short interest totaling 73,873 shares, an increase of 96.2% from the November 30th total of 37,650 shares. Based on an average daily trading volume, of 284,473 shares, the short-interest ratio is currently 0.3 days. Based on an average daily trading volume, of 284,473 shares, the short-interest ratio is currently 0.3 days.

Institutional Investors Weigh In On Silynxcom

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Warberg Asset Management LLC bought a new stake in Silynxcom during the 2nd quarter worth approximately $44,000. Thompson Davis & CO. Inc. purchased a new stake in shares of Silynxcom in the second quarter worth $52,000. Finally, AWM Investment Company Inc. increased its stake in shares of Silynxcom by 56.0% in the second quarter. AWM Investment Company Inc. now owns 1,043,593 shares of the company’s stock worth $1,795,000 after purchasing an additional 374,561 shares in the last quarter.

Silynxcom Trading Up 1.6%

Shares of Silynxcom stock traded up $0.02 on Monday, hitting $0.98. 46,164 shares of the company’s stock were exchanged, compared to its average volume of 75,224. Silynxcom has a 1 year low of $0.73 and a 1 year high of $6.49. The company has a 50-day simple moving average of $1.25 and a 200-day simple moving average of $1.53.

Silynxcom (NYSEAMERICAN:SYNX) last announced 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.