Short Interest in Satixfy Communications Ltd. (NYSEAMERICAN:SATX) Grows By 39.5%

Satixfy Communications Ltd. (NYSEAMERICAN:SATX - Get Free Report) was the target of a significant increase in short interest in the month of May. As of May 15th, there was short interest totalling 195,500 shares, an increase of 39.5% from the April 30th total of 140,100 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average daily trading volume, of 807,500 shares, the short-interest ratio is currently 0.2 days.

Satixfy Communications Trading Up 0.3%

Shares of NYSEAMERICAN SATX traded up $0.01 during mid-day trading on Tuesday, hitting $2.90. The company's stock had a trading volume of 101,113 shares, compared to its average volume of 313,544. The company has a fifty day simple moving average of $2.15. Satixfy Communications has a one year low of $0.58 and a one year high of $2.97.

Institutional Investors Weigh In On Satixfy Communications

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SATX. Renaissance Technologies LLC boosted its position in shares of Satixfy Communications by 255.8% during the fourth quarter. Renaissance Technologies LLC now owns 199,597 shares of the company's stock worth $305,000 after purchasing an additional 143,497 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of Satixfy Communications in the 4th quarter valued at $33,000. Finally, State of Wyoming acquired a new stake in Satixfy Communications during the 1st quarter worth $31,000. Institutional investors own 5.04% of the company's stock.

Wall Street Analyst Weigh In

Separately, Alliance Global Partners lowered Satixfy Communications from a "buy" rating to a "neutral" rating and set a $2.10 target price for the company. in a research note on Friday, May 9th.

Satixfy Communications Company Profile

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.