Satixfy Communications Ltd. (NYSEAMERICAN:SATX) Short Interest Down 40.5% in February

Satixfy Communications Ltd. (NYSEAMERICAN:SATX - Get Free Report) was the recipient of a significant drop in short interest during the month of February. As of February 15th, there was short interest totalling 9,400 shares, a drop of 40.5% from the January 31st total of 15,800 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 246,700 shares, the days-to-cover ratio is currently 0.0 days.

Satixfy Communications Price Performance

Shares of Satixfy Communications stock traded up $0.06 during trading hours on Wednesday, reaching $1.12. 49,723 shares of the company's stock were exchanged, compared to its average volume of 183,017. Satixfy Communications has a 52-week low of $0.50 and a 52-week high of $2.39.

Analyst Upgrades and Downgrades

SATX has been the subject of a number of recent research reports. Alliance Global Partners initiated coverage on Satixfy Communications in a report on Monday, December 16th. They issued a "buy" rating and a $2.50 target price for the company. Northland Securities initiated coverage on Satixfy Communications in a research report on Thursday, December 5th. They set an "outperform" rating and a $2.00 target price on the stock. Finally, Northland Capmk upgraded Satixfy Communications to a "strong-buy" rating in a research report on Thursday, December 5th.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in SATX. XTX Topco Ltd purchased a new position in Satixfy Communications in the fourth quarter valued at about $33,000. Senvest Management LLC raised its position in Satixfy Communications by 2.3% in the third quarter. Senvest Management LLC now owns 4,277,958 shares of the company's stock valued at $3,024,000 after purchasing an additional 95,115 shares during the period. Finally, Renaissance Technologies LLC raised its position in Satixfy Communications by 255.8% in the fourth quarter. Renaissance Technologies LLC now owns 199,597 shares of the company's stock valued at $305,000 after purchasing an additional 143,497 shares during the period. 5.04% of the stock is owned by hedge funds and other institutional investors.

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About Satixfy Communications

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.