Silynxcom Ltd. (NYSEAMERICAN:SYNX) Short Interest Update

Silynxcom Ltd. (NYSEAMERICAN:SYNX) was the target of a large decrease in short interest in June. As of June 15th, there was short interest totaling 51,671 shares, a decrease 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 presently 0.9 days. Currently, 0.8% of the shares of the stock are short sold.

Silynxcom Trading Down 2.8%

NYSEAMERICAN SYNX traded down $0.03 on Monday, hitting $1.03. The company’s stock had a trading volume of 60,664 shares, compared to its average volume of 44,866. The company’s 50-day moving average is $1.18 and its 200 day moving average is $1.09. Silynxcom has a 1-year low of $0.73 and a 1-year high of $2.15.

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

Hedge Funds Weigh In On Silynxcom

An institutional investor recently bought a new stake in Silynxcom stock. Thompson Davis & CO. Inc. purchased a new stake in shares of Silynxcom Ltd. (NYSEAMERICAN:SYNX) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 29,999 shares of the company’s stock, valued at approximately $52,000. Thompson Davis & CO. Inc. owned approximately 0.95% of Silynxcom at the end of the most recent quarter.

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.