Silynxcom Ltd. (NYSEAMERICAN:SYNX) Short Interest Down 33.5% in May

Silynxcom Ltd. (NYSEAMERICAN:SYNX) was the recipient of a large decrease in short interest in 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. Currently, 2.2% of the company’s shares are sold short. Based on an average daily volume of 62,969 shares, the days-to-cover ratio is currently 2.3 days.

Hedge Funds Weigh In On Silynxcom

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

Silynxcom Price Performance

SYNX opened at $1.16 on Thursday. The firm has a 50 day moving average price of $1.17 and a 200 day moving average price of $1.09. Silynxcom has a 1 year low of $0.73 and a 1 year high of $2.28.

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