Silynxcom Ltd. (NYSEAMERICAN:SYNX) Sees Large Growth in Short Interest

Silynxcom Ltd. (NYSEAMERICAN:SYNX) was the recipient of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 81,800 shares, a growth of 102.0% from the September 15th total of 40,500 shares. Based on an average trading volume of 101,700 shares, the short-interest ratio is presently 0.8 days. Approximately 3.0% of the shares of the stock are short sold. Approximately 3.0% of the shares of the stock are short sold. Based on an average trading volume of 101,700 shares, the short-interest ratio is presently 0.8 days.

Silynxcom Stock Performance

Shares of NYSEAMERICAN:SYNX opened at $1.66 on Monday. The company’s fifty day moving average is $1.63 and its 200-day moving average is $1.73. Silynxcom has a 52 week low of $1.37 and a 52 week high of $6.49.

Institutional Trading of Silynxcom

Large investors have recently added to or reduced their stakes in the company. Thompson Davis & CO. Inc. bought a new position in shares of Silynxcom in the second quarter valued at approximately $52,000. AWM Investment Company Inc. raised its position in Silynxcom by 56.0% in the 2nd quarter. AWM Investment Company Inc. now owns 1,043,593 shares of the company’s stock valued at $1,795,000 after purchasing an additional 374,561 shares during the last quarter. Finally, Warberg Asset Management LLC acquired a new position in Silynxcom in the second quarter worth $44,000.

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.