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

Silynxcom Ltd. (NYSEAMERICAN:SYNX) was the recipient of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 3,905 shares, a drop of 65.3% from the August 31st total of 11,252 shares. Based on an average daily volume of 79,997 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.1% of the shares of the company are short sold.

Silynxcom Stock Performance

Shares of NYSEAMERICAN:SYNX remained flat at $1.05 during midday trading on Monday. 5,882 shares of the company were exchanged, compared to its average volume of 503,270. The stock has a 50-day simple moving average of $0.97 and a 200 day simple moving average of $1.07. Silynxcom has a 52 week low of $0.73 and a 52 week high of $1.95.

Silynxcom (NYSEAMERICAN:SYNX) last posted its quarterly earnings data on Monday, September 14th. The company reported ($0.06) earnings per share (EPS) for the quarter. The company had revenue of $3.10 million for the quarter.

Silynxcom Company Profile

Silynxcom Ltd. develops, manufactures and sells tactical communication equipment for military, law enforcement, homeland security and other professional users. The company focuses on lightweight, ruggedized communication systems designed to help personnel communicate in demanding and noisy environments while maintaining situational awareness.

Its product portfolio includes in-ear and headset-based communication systems, push-to-talk devices, control units, tactical radio adapters, microphones and related accessories.