Siyata Mobile Inc. (NASDAQ:SYTA) Short Interest Down 29.8% in September

Siyata Mobile Inc. (NASDAQ:SYTA) was the target of a large decrease in short interest in September. As of September 15th, there was short interest totaling 312,800 shares, a decrease of 29.8% from the August 31st total of 445,500 shares. Based on an average daily trading volume, of 1,480,000 shares, the short-interest ratio is presently 0.2 days. Based on an average daily trading volume, of 1,480,000 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Siyata Mobile stock. XTX Topco Ltd acquired a new stake in Siyata Mobile Inc. (NASDAQ:SYTA) during the second quarter, according to its most recent filing with the SEC. The firm acquired 69,878 shares of the company’s stock, valued at approximately $207,000. XTX Topco Ltd owned about 0.79% of Siyata Mobile as of its most recent filing with the SEC. 9.87% of the stock is owned by hedge funds and other institutional investors.

Siyata Mobile Trading Down 4.7%

SYTA stock opened at $3.07 on Tuesday. The business has a fifty day moving average price of $2.90 and a 200 day moving average price of $2.76. Siyata Mobile has a fifty-two week low of $0.93 and a fifty-two week high of $29.20. The stock has a market capitalization of $27.29 million, a price-to-earnings ratio of -0.12 and a beta of 2.03. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.38 and a quick ratio of 2.88.

Siyata Mobile (NASDAQ:SYTA) last released its quarterly earnings results on Thursday, August 14th. The company reported ($0.62) earnings per share for the quarter, beating analysts’ consensus estimates of ($2.22) by $1.60. The firm had revenue of $2.04 million during the quarter, compared to analysts’ expectations of $4.13 million. Siyata Mobile had a negative return on equity of 186.67% and a negative net margin of 144.50%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Wall Street Zen raised Siyata Mobile from a “sell” rating to a “hold” rating in a report on Friday, August 22nd. Weiss Ratings reissued a “sell (e+)” rating on shares of Siyata Mobile in a report on Saturday, September 27th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Siyata Mobile Company Profile

Siyata Mobile Inc engages in the development and sale of cellular-based communications platform in the United States, Canada, Europe, Australia, the Middle East, and internationally. It develops, markets, and sells rugged handheld Push-to-Talk over Cellular smartphone devices for first responders, enterprise customers, construction workers, security guards, government agencies, utilities, transportation and waste management, amusement parks, and mobile workers in various industries.