Satixfy Communications Ltd. (NYSEAMERICAN:SATX) Short Interest Down 40.5% in February

Satixfy Communications Ltd. (NYSEAMERICAN:SATX) saw a large drop in short interest in the month of February. As of February 15th, there was short interest totalling 9,400 shares, a drop of 40.5% from the January 31st total of 15,800 shares. Based on an average daily volume of 246,700 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SATX. Senvest Management LLC increased its stake in Satixfy Communications by 2.3% during 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 in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Satixfy Communications by 255.8% during the fourth quarter. Renaissance Technologies LLC now owns 199,597 shares of the company’s stock valued at $305,000 after buying an additional 143,497 shares during the last quarter. Finally, XTX Topco Ltd bought a new stake in shares of Satixfy Communications during the fourth quarter valued at approximately $33,000. Institutional investors own 5.04% of the company’s stock.

Satixfy Communications Price Performance

Satixfy Communications stock traded up $0.01 on Friday, hitting $1.11. 31,169 shares of the stock traded hands, compared to its average volume of 191,956. Satixfy Communications has a 1 year low of $0.50 and a 1 year high of $2.39.

Wall Street Analyst Weigh In

Several analysts have weighed in on SATX shares. Alliance Global Partners initiated coverage on Satixfy Communications in a research report on Monday, December 16th. They issued a “buy” rating and a $2.50 price objective for the company. Northland Securities started coverage on shares of Satixfy Communications in a research report on Thursday, December 5th. They set an “outperform” rating and a $2.00 price target for the company. Finally, Northland Capmk raised shares of Satixfy Communications to a “strong-buy” rating in a report on Thursday, December 5th.

Satixfy Communications Company Profile

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.