Satixfy Communications Ltd. (NYSEAMERICAN:SATX – Get Free Report) was the recipient of a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 63,700 shares, a decrease of 44.2% from the February 29th total of 114,100 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average daily volume of 101,600 shares, the days-to-cover ratio is presently 0.6 days.
Satixfy Communications Stock Performance
NYSEAMERICAN SATX traded up $0.04 on Thursday, hitting $0.69. The company’s stock had a trading volume of 6,129 shares, compared to its average volume of 102,501. The firm’s 50-day simple moving average is $0.52. Satixfy Communications has a 52-week low of $0.28 and a 52-week high of $1.57.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the business. Penserra Capital Management LLC purchased a new position in Satixfy Communications in the fourth quarter worth about $620,000. Engineers Gate Manager LP bought a new stake in shares of Satixfy Communications in the fourth quarter worth $94,000. Vident Investment Advisory LLC purchased a new stake in Satixfy Communications during the fourth quarter valued at $164,000. Swiss National Bank bought a new position in Satixfy Communications in the first quarter valued at about $40,000. Finally, Senvest Management LLC bought a new stake in shares of Satixfy Communications during the 3rd quarter valued at about $1,393,000. 5.04% of the stock is currently owned by institutional investors.
Satixfy Communications Company Profile
SatixFy Communications Ltd. develops end-to-end next-generation satellite communications systems. The company offers satellite payloads, user terminals, and modems. Its products include modems that feature software defined radio; fully electronically steered multi beam antennas; and very small aperture terminals and multi-beam fully electronically steered antenna arrays for various mobile applications and services.
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