Silynxcom Ltd. (NYSEAMERICAN:SYNX) Sees Large Growth in Short Interest

Silynxcom Ltd. (NYSEAMERICAN:SYNX) was the recipient of a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 12,195 shares, an increase of 60.1% from the January 15th total of 7,619 shares. Based on an average trading volume of 84,012 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 84,012 shares, the short-interest ratio is presently 0.1 days.

Silynxcom Trading Down 1.0%

SYNX stock traded down $0.01 during mid-day trading on Friday, reaching $1.00. The company’s stock had a trading volume of 7,550 shares, compared to its average volume of 58,967. Silynxcom has a 12 month low of $0.73 and a 12 month high of $4.55. The business’s 50 day moving average price is $1.03 and its 200 day moving average price is $1.38.

Silynxcom (NYSEAMERICAN:SYNX) last released its earnings results on Friday, September 26th. The company reported ($0.14) earnings per share (EPS) for the quarter. The company had revenue of $1.13 million for the quarter.

Institutional Investors Weigh In On Silynxcom

Hedge funds have recently added to or reduced their stakes in the company. Warberg Asset Management LLC bought a new stake in Silynxcom during the 2nd quarter worth approximately $44,000. Thompson Davis & CO. Inc. purchased a new stake in shares of Silynxcom during the 2nd quarter worth approximately $52,000. Finally, AWM Investment Company Inc. raised its holdings in shares of Silynxcom by 56.0% in the 2nd quarter. AWM Investment Company Inc. now owns 1,043,593 shares of the company’s stock worth $1,795,000 after purchasing an additional 374,561 shares during the period.

Silynxcom Company Profile

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.