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

Satixfy Communications Ltd. (NYSEAMERICAN:SATX) was the target of a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 116,300 shares, an increase of 63.6% from the October 31st total of 71,100 shares. Based on an average daily trading volume, of 98,800 shares, the short-interest ratio is presently 1.2 days. Currently, 0.4% of the company’s shares are sold short.

Institutional Investors Weigh In On Satixfy Communications

A hedge fund recently raised its stake in Satixfy Communications stock. Senvest Management LLC grew its position in shares of Satixfy Communications Ltd. (NYSEAMERICAN:SATX) by 2.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. 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. 5.04% of the stock is currently owned by institutional investors and hedge funds.

Satixfy Communications Stock Performance

NYSEAMERICAN:SATX opened at $0.90 on Friday. Satixfy Communications has a 1-year low of $0.30 and a 1-year high of $1.11.

Satixfy Communications (NYSEAMERICAN:SATX) last posted its earnings results on Friday, September 6th. The company reported ($0.11) earnings per share for the quarter. The business had revenue of $4.15 million for the quarter.

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.