Satixfy Communications Ltd. (NYSEAMERICAN:SATX) Short Interest Up 74.5% in February

Satixfy Communications Ltd. (NYSEAMERICAN:SATX) was the target of a significant growth in short interest in February. As of February 28th, there was short interest totalling 16,400 shares, a growth of 74.5% from the February 13th total of 9,400 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 246,600 shares, the days-to-cover ratio is currently 0.1 days.

Satixfy Communications Stock Up 3.4 %

Shares of NYSEAMERICAN SATX opened at $1.21 on Monday. Satixfy Communications has a 1 year low of $0.50 and a 1 year high of $2.39.

Institutional Trading of Satixfy Communications

Several institutional investors and hedge funds have recently made changes to their positions in the company. Senvest Management LLC lifted its holdings in shares of Satixfy Communications by 2.3% in the 3rd quarter. Senvest Management LLC now owns 4,277,958 shares of the company’s stock valued at $3,024,000 after purchasing an additional 95,115 shares during the last quarter. Renaissance Technologies LLC raised its stake in Satixfy Communications by 255.8% during the 4th quarter. Renaissance Technologies LLC now owns 199,597 shares of the company’s stock valued at $305,000 after acquiring an additional 143,497 shares during the last quarter. Finally, XTX Topco Ltd purchased a new stake in Satixfy Communications during the 4th quarter valued at approximately $33,000. 5.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SATX has been the subject of several analyst reports. Alliance Global Partners initiated coverage on Satixfy Communications in a research note on Monday, December 16th. They set a “buy” rating and a $2.50 target price for the company. Northland Capmk raised Satixfy Communications to a “strong-buy” rating in a research note on Thursday, December 5th. Finally, Northland Securities initiated coverage on Satixfy Communications in a report on Thursday, December 5th. They set an “outperform” rating and a $2.00 price target for the company.

About Satixfy Communications

Satixfy Communications Ltd. engages in the development of vertically integrated satellite communication systems and ground terminal chips worldwide. It offers application-specific and radio frequency integrated circuit chips, such as PRIME and BEAT antenna chips, which enable multi-beamforming and beam-hopping for satellite payloads and user terminals; and SX-4000 satellite payload chips, that enables digital on-board processing, beam- hopping, and enhanced connectivity needs, including positioning, navigation, and timing for LEO, MEO, and GEO satellite communications systems, as well as Aero/IFC systems, and certain COTM and on the pause applications.