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

Silynxcom Ltd. (NYSEAMERICAN:SYNX) was the recipient of a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 143,022 shares, a decrease of 33.5% from the May 14th total of 215,051 shares. Based on an average daily trading volume, of 62,969 shares, the short-interest ratio is currently 2.3 days. Approximately 2.2% of the shares of the stock are short sold.

Silynxcom Trading Up 0.9%

Shares of SYNX traded up $0.01 during midday trading on Wednesday, hitting $1.14. 8,450 shares of the company traded hands, compared to its average volume of 785,868. The stock has a 50-day moving average of $1.17 and a 200-day moving average of $1.09. Silynxcom has a one year low of $0.73 and a one year high of $2.28.

Silynxcom (NYSEAMERICAN:SYNX) last announced its quarterly earnings results on Friday, May 1st. The company reported ($0.11) earnings per share for the quarter. The firm had revenue of $1.77 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Silynxcom stock. Thompson Davis & CO. Inc. acquired a new position in shares of Silynxcom Ltd. (NYSEAMERICAN:SYNX) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 29,999 shares of the company’s stock, valued at approximately $52,000. Thompson Davis & CO. Inc. owned approximately 0.95% of Silynxcom at the end of the most recent 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.