Silynxcom Ltd. (NYSEAMERICAN:SYNX) Short Interest Up 60.1% in January

Silynxcom Ltd. (NYSEAMERICAN:SYNX) was the target of a large increase in short interest in 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 daily trading volume, of 84,012 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 84,012 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of Silynxcom

A number of hedge funds have recently modified their holdings of the stock. Warberg Asset Management LLC acquired a new position in Silynxcom during the 2nd quarter worth approximately $44,000. Thompson Davis & CO. Inc. acquired a new stake in Silynxcom in the second quarter valued at approximately $52,000. Finally, AWM Investment Company Inc. grew its stake in shares of Silynxcom by 56.0% during the second quarter. AWM Investment Company Inc. now owns 1,043,593 shares of the company’s stock worth $1,795,000 after buying an additional 374,561 shares during the last quarter.

Silynxcom Stock Down 1.0%

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

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

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.