Silynxcom Ltd. (NYSEAMERICAN:SYNX) Sees Significant Decrease in Short Interest

Silynxcom Ltd. (NYSEAMERICAN:SYNX) saw a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 143,022 shares, a drop of 33.5% from the May 14th total of 215,051 shares. Currently, 2.2% of the shares of the company are sold short. Based on an average daily volume of 62,969 shares, the days-to-cover ratio is presently 2.3 days.

Institutional Investors Weigh In On Silynxcom

An institutional investor recently bought a new position in Silynxcom stock. Thompson Davis & CO. Inc. purchased a new stake in Silynxcom Ltd. (NYSEAMERICAN:SYNX) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 29,999 shares of the company’s stock, valued at approximately $52,000. Thompson Davis & CO. Inc. owned about 0.95% of Silynxcom as of its most recent filing with the Securities & Exchange Commission.

Silynxcom Price Performance

Shares of NYSEAMERICAN:SYNX opened at $1.15 on Tuesday. The stock’s 50-day moving average is $1.17 and its 200-day moving average is $1.09. Silynxcom has a 52-week low of $0.73 and a 52-week high of $2.28.

Silynxcom (NYSEAMERICAN:SYNX) last issued its quarterly earnings results on Friday, May 1st. The company reported ($0.11) earnings per share (EPS) for the quarter. The firm had revenue of $1.77 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.