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

by · The Markets Daily

Silynxcom Ltd. (NYSEAMERICAN:SYNX – Get Free Report) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totaling 8,650 shares, a growth of 137.4% from the September 30th total of 3,643 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 12,947 shares, the days-to-cover ratio is presently 0.7 days.

Silynxcom Stock Performance

NYSEAMERICAN:SYNX traded up $0.08 during mid-day trading on Friday, reaching $0.90. The stock had a trading volume of 41,016 shares, compared to its average volume of 19,995. Silynxcom has a 12 month low of $0.65 and a 12 month high of $1.95. The stock has a 50-day simple moving average of $0.88 and a two-hundred day simple moving average of $1.04.

Silynxcom (NYSEAMERICAN:SYNX – Get Free Report) last issued its earnings results on Monday, September 14th. The company reported ($0.06) earnings per share for the quarter. The business had revenue of $3.10 million during the quarter.

About Silynxcom

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Silynxcom Ltd. is an Israel-based communications technology company that develops and supplies tactical communication equipment for military, law enforcement, security and other professional users. Its products are designed to support reliable voice communication in demanding operating environments where users may need to coordinate while wearing helmets, protective gear or other equipment.

The company’s product portfolio includes tactical headsets, in-ear communication systems, push-to-talk devices, radio adapters, control units and related accessories.

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