Synchronoss Technologies, Inc. 8.375% Senior Notes due 2026 (NASDAQ:SNCRL) Sees Large Growth in Short Interest

Synchronoss Technologies, Inc. 8.375% Senior Notes due 2026 (NASDAQ:SNCRL) was the target of a large increase in short interest in August. As of August 31st, there was short interest totalling 12,200 shares, an increase of 28.4% from the August 15th total of 9,500 shares. Based on an average trading volume of 17,600 shares, the days-to-cover ratio is presently 0.7 days.

Synchronoss Technologies, Inc. 8.375% Senior Notes due 2026 Trading Up 0.3 %

SNCRL traded up $0.07 during trading on Friday, reaching $24.66. The company had a trading volume of 2,252 shares, compared to its average volume of 14,158. The firm’s 50-day simple moving average is $23.66 and its 200 day simple moving average is $22.03. Synchronoss Technologies, Inc. 8.375% Senior Notes due 2026 has a 12-month low of $16.40 and a 12-month high of $26.30.

Synchronoss Technologies, Inc. 8.375% Senior Notes due 2026 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Monday, July 15th were paid a $0.5234 dividend. This represents a $2.09 dividend on an annualized basis and a yield of 8.49%. The ex-dividend date of this dividend was Monday, July 15th.

Synchronoss Technologies, Inc. 8.375% Senior Notes due 2026 Company Profile

synchronoss technologies (nasdaq: sncr) is the mobile innovation leader that provides personal cloud solutions and software-based activation for connected devices across the globe. the company’s proven and scalable technology solutions allow customers to connect, synchronize and activate connected devices and services that empower enterprises and consumers to live in a connected world.