Synchronoss Technologies, Inc. 8.375% Senior Notes due 2026 (NASDAQ:SNCRL) Sees Significant Increase in Short Interest

Synchronoss Technologies, Inc. 8.375% Senior Notes due 2026 (NASDAQ:SNCRL) was the recipient of a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 9,000 shares, a growth of 66.7% from the March 31st total of 5,400 shares. Based on an average daily trading volume, of 12,200 shares, the short-interest ratio is presently 0.7 days.

Synchronoss Technologies, Inc. 8.375% Senior Notes due 2026 Price Performance

Shares of SNCRL traded down $0.01 during mid-day trading on Monday, hitting $20.99. 800 shares of the company’s stock traded hands, compared to its average volume of 10,614. Synchronoss Technologies, Inc. 8.375% Senior Notes due 2026 has a 1 year low of $16.40 and a 1 year high of $22.60. The business’s 50-day moving average price is $21.04 and its 200-day moving average price is $19.74.

Synchronoss Technologies, Inc. 8.375% Senior Notes due 2026 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, April 15th will be given a dividend of $0.5234 per share. The ex-dividend date of this dividend is Friday, April 12th. This represents a $2.09 annualized dividend and a dividend yield of 9.98%.

Synchronoss Technologies, Inc. 8.375% Senior Notes due 2026 Company Profile

synchronoss technologies (nasdaq: sncr) is the mobile innovation leader that provides personal cloud solutions and software-based activation for connected devices across the globe. the company’s proven and scalable technology solutions allow customers to connect, synchronize and activate connected devices and services that empower enterprises and consumers to live in a connected world.