Siyata Mobile Inc. (NASDAQ:SYTA) Short Interest Up 512.5% in May

Siyata Mobile Inc. (NASDAQ:SYTA) was the target of a significant growth in short interest in May. As of May 15th, there was short interest totalling 715,400 shares, a growth of 512.5% from the April 30th total of 116,800 shares. Currently, 23.7% of the company’s stock are short sold. Based on an average daily volume of 8,440,000 shares, the days-to-cover ratio is currently 0.1 days.

Siyata Mobile Stock Down 13.3%

NASDAQ:SYTA traded down $0.63 during mid-day trading on Wednesday, hitting $4.10. The stock had a trading volume of 3,905,714 shares, compared to its average volume of 2,346,123. The stock has a 50-day simple moving average of $2.13 and a two-hundred day simple moving average of $4.71. The company has a market capitalization of $3.23 million, a PE ratio of 0.00 and a beta of 1.08. Siyata Mobile has a twelve month low of $0.93 and a twelve month high of $423.00. The company has a current ratio of 1.03, a quick ratio of 0.60 and a debt-to-equity ratio of 0.04.

Siyata Mobile (NASDAQ:SYTA) last announced its quarterly earnings results on Thursday, May 15th. The company reported ($2.35) EPS for the quarter, beating the consensus estimate of ($3.48) by $1.13. The company had revenue of $2.47 million for the quarter, compared to analyst estimates of $2.80 million. Siyata Mobile had a negative net margin of 168.59% and a negative return on equity of 180.79%.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of Siyata Mobile from a “sell” rating to a “hold” rating in a research report on Thursday, May 22nd.

Siyata Mobile Company Profile

Siyata Mobile Inc engages in the development and sale of cellular-based communications platform in the United States, Canada, Europe, Australia, the Middle East, and internationally. It develops, markets, and sells rugged handheld Push-to-Talk over Cellular smartphone devices for first responders, enterprise customers, construction workers, security guards, government agencies, utilities, transportation and waste management, amusement parks, and mobile workers in various industries.