Satixfy Communications Ltd. (NYSEAMERICAN:SATX) Short Interest Up 74.5% in February

Satixfy Communications Ltd. (NYSEAMERICAN:SATXGet Free Report) was the recipient of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 16,400 shares, an increase of 74.5% from the February 13th total of 9,400 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 246,600 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On Satixfy Communications

Institutional investors and hedge funds have recently modified their holdings of the company. XTX Topco Ltd acquired a new stake in shares of Satixfy Communications in the 4th quarter worth approximately $33,000. Renaissance Technologies LLC grew its holdings in Satixfy Communications by 255.8% during the 4th quarter. Renaissance Technologies LLC now owns 199,597 shares of the company’s stock valued at $305,000 after buying an additional 143,497 shares during the last quarter. Finally, Senvest Management LLC grew its holdings in Satixfy Communications by 2.3% during the 3rd quarter. Senvest Management LLC now owns 4,277,958 shares of the company’s stock valued at $3,024,000 after buying an additional 95,115 shares during the last quarter. Institutional investors and hedge funds own 5.04% of the company’s stock.

Satixfy Communications Price Performance

SATX opened at $1.21 on Monday. Satixfy Communications has a 1-year low of $0.50 and a 1-year high of $2.39.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Alliance Global Partners assumed coverage on Satixfy Communications in a research report on Monday, December 16th. They set a “buy” rating and a $2.50 target price on the stock. Northland Capmk upgraded Satixfy Communications to a “strong-buy” rating in a research report on Thursday, December 5th. Finally, Northland Securities assumed coverage on Satixfy Communications in a research report on Thursday, December 5th. They set an “outperform” rating and a $2.00 target price on the stock.

View Our Latest Report on SATX

About Satixfy Communications

(Get Free Report)

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.

Read More

Receive News & Ratings for Satixfy Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Satixfy Communications and related companies with MarketBeat.com's FREE daily email newsletter.