Satixfy Communications Ltd. (NYSEAMERICAN:SATX) Short Interest Down 40.5% in February

Satixfy Communications Ltd. (NYSEAMERICAN:SATX) was the recipient of a large decrease in short interest during the month of February. As of February 15th, there was short interest totalling 9,400 shares, a decrease of 40.5% from the January 31st total of 15,800 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 246,700 shares, the days-to-cover ratio is presently 0.0 days.

Satixfy Communications Price Performance

Satixfy Communications stock traded up $0.01 during midday trading on Friday, hitting $1.11. The stock had a trading volume of 31,169 shares, compared to its average volume of 191,956. Satixfy Communications has a 52-week low of $0.50 and a 52-week high of $2.39.

Wall Street Analyst Weigh In

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

Institutional Trading of Satixfy Communications

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

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.