Synchronoss Technologies, Inc. 8.375% Senior Notes due 2026 (NASDAQ:SNCRL) Sees Large Increase in Short Interest

Synchronoss Technologies, Inc. 8.375% Senior Notes due 2026 (NASDAQ:SNCRL) was the target of a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 15,800 shares, a growth of 532.0% from the October 31st total of 2,500 shares. Based on an average daily volume of 11,400 shares, the days-to-cover ratio is currently 1.4 days.

Synchronoss Technologies, Inc. 8.375% Senior Notes due 2026 Stock Performance

Synchronoss Technologies, Inc. 8.375% Senior Notes due 2026 stock traded up $0.09 during midday trading on Wednesday, hitting $24.80. 761 shares of the company were exchanged, compared to its average volume of 13,633. The company’s fifty day moving average price is $24.83 and its 200-day moving average price is $23.43. Synchronoss Technologies, Inc. 8.375% Senior Notes due 2026 has a fifty-two week low of $17.55 and a fifty-two week high of $26.30.

Synchronoss Technologies, Inc. 8.375% Senior Notes due 2026 Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Tuesday, October 15th were given a dividend of $0.5234 per share. This represents a $2.09 annualized dividend and a dividend yield of 8.44%. The ex-dividend date was Tuesday, October 15th.

About Synchronoss Technologies, Inc. 8.375% Senior Notes due 2026

synchronoss technologies (nasdaq: sncr) is the mobile innovation leader that provides personal cloud solutions and software-based activation for connected devices across the globe. the company’s proven and scalable technology solutions allow customers to connect, synchronize and activate connected devices and services that empower enterprises and consumers to live in a connected world.