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

Silynxcom Ltd. (NYSEAMERICAN:SYNX) was the target of a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 12,195 shares, a growth of 60.1% from the January 15th total of 7,619 shares. Based on an average daily volume of 84,012 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 84,012 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of Silynxcom

Several institutional investors have recently added to or reduced their stakes in the stock. Thompson Davis & CO. Inc. acquired a new position in Silynxcom during the 2nd quarter worth $52,000. AWM Investment Company Inc. lifted its position 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 purchasing an additional 374,561 shares during the last quarter. Finally, Warberg Asset Management LLC bought a new position in shares of Silynxcom during the second quarter worth about $44,000.

Silynxcom Stock Performance

Shares of Silynxcom stock opened at $1.00 on Monday. The business has a 50-day moving average of $1.03 and a 200-day moving average of $1.37. Silynxcom has a 1-year low of $0.73 and a 1-year high of $4.55.

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

About Silynxcom

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.