Short Interest in Silynxcom Ltd. (NYSEAMERICAN:SYNX) Decreases By 53.4%

Silynxcom Ltd. (NYSEAMERICAN:SYNX) was the target of a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 26,180 shares, a decrease of 53.4% from the July 15th total of 56,179 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 25,776 shares, the short-interest ratio is presently 1.0 days.

Institutional Investors Weigh In On Silynxcom

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

Silynxcom Stock Performance

Shares of NYSEAMERICAN:SYNX traded up $0.01 during midday trading on Friday, hitting $1.07. 21,489 shares of the stock traded hands, compared to its average volume of 34,318. The business’s 50 day moving average is $1.07 and its two-hundred day moving average is $1.10. Silynxcom has a one year low of $0.73 and a one year high of $2.15.

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.