Satixfy Communications Ltd. (NYSEAMERICAN:SATX) Short Interest Down 54.3% in January

Satixfy Communications Ltd. (NYSEAMERICAN:SATX) was the target of a significant drop in short interest during the month of January. As of January 31st, there was short interest totalling 15,800 shares, a drop of 54.3% from the January 15th total of 34,600 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 236,100 shares, the short-interest ratio is currently 0.1 days.

Satixfy Communications Price Performance

Shares of Satixfy Communications stock traded down $0.11 on Thursday, reaching $1.34. 130,816 shares of the company traded hands, compared to its average volume of 205,301. Satixfy Communications has a 52 week low of $0.50 and a 52 week high of $2.39.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SATX. Alliance Global Partners started coverage on shares of Satixfy Communications in a report on Monday, December 16th. They set a “buy” rating and a $2.50 price objective on the stock. Northland Capmk raised 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 report on Thursday, December 5th. They issued an “outperform” rating and a $2.00 price target on the stock.

Hedge Funds Weigh In On Satixfy Communications

An institutional investor recently raised its position in Satixfy Communications stock. Senvest Management LLC grew its stake in shares of Satixfy Communications Ltd. (NYSEAMERICAN:SATX) by 2.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,277,958 shares of the company’s stock after buying an additional 95,115 shares during the period. Senvest Management LLC owned 5.15% of Satixfy Communications worth $3,024,000 at the end of the most recent reporting period. Institutional investors own 5.04% of the company’s 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.