Short Interest in Silynxcom Ltd. (NYSEAMERICAN:SYNX) Declines By 63.9%

Silynxcom Ltd. (NYSEAMERICAN:SYNX) was the recipient of a significant drop in short interest in June. As of June 15th, there was short interest totaling 51,671 shares, a drop of 63.9% from the May 31st total of 143,022 shares. Based on an average daily volume of 58,537 shares, the short-interest ratio is currently 0.9 days. Approximately 0.8% of the company’s stock are short sold.

Silynxcom Price Performance

NYSEAMERICAN:SYNX remained flat at $1.03 during trading hours on Tuesday. 28,775 shares of the company were exchanged, compared to its average volume of 737,167. Silynxcom has a 52 week low of $0.73 and a 52 week high of $2.15. The firm has a 50 day simple moving average of $1.18 and a 200 day simple moving average of $1.09.

Silynxcom (NYSEAMERICAN:SYNX) last posted its earnings results on Friday, May 1st. The company reported ($0.11) earnings per share for the quarter. The business had revenue of $1.77 million during the quarter.

Institutional Investors Weigh In On Silynxcom

A hedge fund recently bought a new stake in Silynxcom stock. Thompson Davis & CO. Inc. bought a new stake in Silynxcom Ltd. (NYSEAMERICAN:SYNX) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 29,999 shares of the company’s stock, valued at approximately $52,000. Thompson Davis & CO. Inc. owned about 0.95% of Silynxcom at the end of the most recent reporting period.

About Silynxcom

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.