Satixfy Communications Ltd. (NYSEAMERICAN:SATX - Get Free Report) was the recipient of a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 116,300 shares, a growth of 63.6% from the October 31st total of 71,100 shares. Based on an average daily trading volume, of 98,800 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.4% of the shares of the company are short sold.
Satixfy Communications Stock Up 1.4 %
Shares of SATX traded up $0.01 during mid-day trading on Friday, hitting $0.90. 93,993 shares of the company's stock were exchanged, compared to its average volume of 82,309. Satixfy Communications has a 52 week low of $0.30 and a 52 week high of $1.11.
Satixfy Communications (NYSEAMERICAN:SATX - Get Free Report) last released its quarterly earnings results on Friday, September 6th. The company reported ($0.11) earnings per share for the quarter. The firm had revenue of $4.15 million during the quarter.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Satixfy Communications stock. Senvest Management LLC boosted its position in shares of Satixfy Communications Ltd. (NYSEAMERICAN:SATX - Free Report) by 2.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,277,958 shares of the company's stock after acquiring an additional 95,115 shares during the quarter. Senvest Management LLC owned 5.15% of Satixfy Communications worth $3,024,000 at the end of the most recent reporting 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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