Satixfy Communications Ltd. (NYSEAMERICAN:SATX) Short Interest Update

Satixfy Communications Ltd. (NYSEAMERICAN:SATX - Get Free Report) was the target of a large decline in short interest in January. As of January 31st, there was short interest totalling 15,800 shares, a decline of 54.3% from the January 15th total of 34,600 shares. Based on an average daily volume of 236,100 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company's stock are short sold.

Institutional Investors Weigh In On Satixfy Communications

Several hedge funds and other institutional investors have recently modified their holdings of SATX. Senvest Management LLC increased its position in shares of Satixfy Communications by 2.3% in the third quarter. Senvest Management LLC now owns 4,277,958 shares of the company's stock worth $3,024,000 after purchasing an additional 95,115 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Satixfy Communications by 255.8% in the fourth quarter. Renaissance Technologies LLC now owns 199,597 shares of the company's stock worth $305,000 after buying an additional 143,497 shares in the last quarter. Finally, XTX Topco Ltd purchased a new stake in Satixfy Communications in the fourth quarter worth approximately $33,000. 5.04% of the stock is currently owned by institutional investors.

Satixfy Communications Trading Down 10.4 %

Shares of SATX traded down $0.14 during midday trading on Monday, hitting $1.20. 123,594 shares of the company traded hands, compared to its average volume of 131,158. Satixfy Communications has a one year low of $0.50 and a one year high of $2.39.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on SATX shares. Northland Capmk raised shares of Satixfy Communications to a "strong-buy" rating in a report on Thursday, December 5th. Northland Securities started coverage on shares of Satixfy Communications in a report on Thursday, December 5th. They set an "outperform" rating and a $2.00 price objective on the stock. Finally, Alliance Global Partners started coverage on shares of Satixfy Communications in a report on Monday, December 16th. They set a "buy" rating and a $2.50 price objective on the stock.

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.