Satixfy Communications Ltd. (NYSEAMERICAN:SATX) Short Interest Down 54.3% in January

Satixfy Communications Ltd. (NYSEAMERICAN:SATX) was the recipient of a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 15,800 shares, a decrease 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 shares of the stock are sold short.

Satixfy Communications Stock Down 7.6 %

Satixfy Communications stock traded down $0.11 during trading hours on Thursday, reaching $1.34. The company had a trading volume of 130,816 shares, compared to its average volume of 205,301. Satixfy Communications has a 12-month low of $0.50 and a 12-month high of $2.39.

Analysts Set New Price Targets

Several research firms have commented on SATX. Northland Capmk raised shares of Satixfy Communications to a “strong-buy” rating in a research note on Thursday, December 5th. Alliance Global Partners assumed coverage on shares of Satixfy Communications in a report on Monday, December 16th. They set a “buy” rating and a $2.50 target price on the stock. Finally, Northland Securities began coverage on shares of Satixfy Communications in a research note on Thursday, December 5th. They issued an “outperform” rating and a $2.00 price target for the company.

Institutional Investors Weigh In On Satixfy Communications

A hedge fund recently raised its stake in Satixfy Communications stock. Renaissance Technologies LLC raised its holdings in Satixfy Communications Ltd. (NYSEAMERICAN:SATX) by 255.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 199,597 shares of the company’s stock after buying an additional 143,497 shares during the quarter. Renaissance Technologies LLC owned about 0.24% of Satixfy Communications worth $305,000 at the end of the most recent quarter. 5.04% of the stock is owned by institutional investors and hedge funds.

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.