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

Satixfy Communications Ltd. (NYSEAMERICAN:SATX) 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.

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.