Satixfy Communications Ltd. (NYSEAMERICAN:SATX - Get Free Report) saw a significant growth in short interest in February. As of February 28th, there was short interest totalling 16,400 shares, a growth of 74.5% from the February 13th total of 9,400 shares. Based on an average trading volume of 246,600 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company's stock are sold short.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on the stock. Northland Securities assumed coverage on shares of Satixfy Communications in a research report on Thursday, December 5th. They set an "outperform" rating and a $2.00 price target for the company. Northland Capmk raised shares of Satixfy Communications to a "strong-buy" rating in a research report on Thursday, December 5th. Finally, Alliance Global Partners assumed coverage on shares of Satixfy Communications in a research report on Monday, December 16th. They set a "buy" rating and a $2.50 price target for the company.
View Our Latest Analysis on Satixfy Communications
Satixfy Communications Stock Up 3.7 %
NYSEAMERICAN:SATX traded up $0.05 during trading hours on Tuesday, reaching $1.41. The company had a trading volume of 172,819 shares, compared to its average volume of 135,596. Satixfy Communications has a 52 week low of $0.50 and a 52 week high of $2.39.
Institutional Investors Weigh In On Satixfy Communications
A number of large investors have recently added to or reduced their stakes in the stock. XTX Topco Ltd bought a new stake in shares of Satixfy Communications during the 4th quarter valued at $33,000. Renaissance Technologies LLC grew its position in shares of Satixfy Communications by 255.8% during the 4th quarter. Renaissance Technologies LLC now owns 199,597 shares of the company's stock valued at $305,000 after acquiring an additional 143,497 shares during the period. Finally, Senvest Management LLC grew its position in shares of Satixfy Communications by 2.3% during the 3rd quarter. Senvest Management LLC now owns 4,277,958 shares of the company's stock valued at $3,024,000 after acquiring an additional 95,115 shares during the period. Institutional investors own 5.04% of the company's stock.
About Satixfy Communications
(
Get Free Report)
Satixfy Communications Ltd. engages in the development of vertically integrated satellite communication systems and ground terminal chips worldwide. It offers application-specific and radio frequency integrated circuit chips, such as PRIME and BEAT antenna chips, which enable multi-beamforming and beam-hopping for satellite payloads and user terminals; and SX-4000 satellite payload chips, that enables digital on-board processing, beam- hopping, and enhanced connectivity needs, including positioning, navigation, and timing for LEO, MEO, and GEO satellite communications systems, as well as Aero/IFC systems, and certain COTM and on the pause applications.
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