Short Interest in Synchronoss Technologies, Inc. 8.375% Senior Notes due 2026 (NASDAQ:SNCRL) Rises By 453.8%

Synchronoss Technologies, Inc. 8.375% Senior Notes due 2026 (NASDAQ:SNCRLGet Rating) was the target of a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 7,200 shares, a growth of 453.8% from the March 31st total of 1,300 shares. Based on an average daily trading volume, of 7,800 shares, the days-to-cover ratio is presently 0.9 days.

Synchronoss Technologies, Inc. 8.375% Senior Notes due 2026 stock traded up $0.14 during mid-day trading on Wednesday, hitting $20.14. 1,617 shares of the company’s stock were exchanged, compared to its average volume of 7,312. Synchronoss Technologies, Inc. 8.375% Senior Notes due 2026 has a fifty-two week low of $19.01 and a fifty-two week high of $25.45.

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