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

Silynxcom Ltd. (NYSEAMERICAN:SYNX) was the target of a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 9,046 shares, a decline of 65.4% from the July 30th total of 26,180 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 42,654 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Silynxcom stock. Thompson Davis & CO. Inc. acquired a new position in Silynxcom Ltd. (NYSEAMERICAN:SYNX) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 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 quarter.

Silynxcom Price Performance

NYSEAMERICAN:SYNX traded down $0.03 during mid-day trading on Friday, hitting $0.98. 10,258 shares of the company’s stock traded hands, compared to its average volume of 30,964. The firm has a 50 day moving average of $1.04 and a two-hundred day moving average of $1.10. Silynxcom has a 12 month low of $0.73 and a 12 month high of $2.15.

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.