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

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

Hedge Funds Weigh In On Satixfy Communications

Hedge funds have recently made changes to their positions in the stock. XTX Topco Ltd bought a new position in Satixfy Communications during the 4th quarter worth approximately $33,000. Renaissance Technologies LLC increased its position in shares of Satixfy Communications by 255.8% during the fourth quarter. Renaissance Technologies LLC now owns 199,597 shares of the company’s stock worth $305,000 after buying an additional 143,497 shares during the period. Finally, Senvest Management LLC raised its stake in 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 buying an additional 95,115 shares during the last quarter. 5.04% of the stock is currently owned by institutional investors.

Satixfy Communications Price Performance

Shares of Satixfy Communications stock traded down $0.04 during trading on Monday, hitting $1.07. The company’s stock had a trading volume of 87,938 shares, compared to its average volume of 189,353. Satixfy Communications has a 52 week low of $0.50 and a 52 week high of $2.39.

Wall Street Analyst Weigh In

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