Short Interest in Satixfy Communications Ltd. (NYSEAMERICAN:SATX) Grows By 63.6%

Satixfy Communications Ltd. (NYSEAMERICAN:SATX) was the target of a significant increase in short interest in 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 volume of 98,800 shares, the short-interest ratio is presently 1.2 days. Currently, 0.4% of the company’s shares are short sold.

Satixfy Communications Trading Down 2.2 %

SATX stock opened at $0.89 on Friday. Satixfy Communications has a 12 month low of $0.30 and a 12 month high of $1.11.

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

Hedge Funds Weigh In On Satixfy Communications

A hedge fund recently raised its stake in Satixfy Communications stock. Senvest Management LLC boosted its holdings in shares of Satixfy Communications Ltd. (NYSEAMERICAN:SATX) by 2.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,277,958 shares of the company’s stock after acquiring an additional 95,115 shares during the period. Senvest Management LLC owned about 5.15% of Satixfy Communications worth $3,024,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 5.04% of the company’s stock.

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.