Siyata Mobile Inc. (NASDAQ:SYTA) Sees Large Increase in Short Interest

Siyata Mobile Inc. (NASDAQ:SYTA) was the recipient of a significant increase in short interest in February. As of February 28th, there was short interest totalling 308,600 shares, an increase of 579.7% from the February 13th total of 45,400 shares. Based on an average daily volume of 677,500 shares, the short-interest ratio is presently 0.5 days. Currently, 31.4% of the shares of the stock are short sold.

Siyata Mobile Price Performance

Shares of SYTA stock traded down $0.03 on Wednesday, hitting $2.14. 195,866 shares of the stock traded hands, compared to its average volume of 820,596. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.03 and a quick ratio of 0.60. Siyata Mobile has a 52 week low of $2.01 and a 52 week high of $885.58. The firm has a 50 day simple moving average of $4.91 and a two-hundred day simple moving average of $8.30. The firm has a market cap of $171,120.00, a price-to-earnings ratio of 0.00 and a beta of 1.04.

About Siyata Mobile

Siyata Mobile Inc engages in the development and sale of cellular-based communications platform in the United States, Canada, Europe, Australia, the Middle East, and internationally. It develops, markets, and sells rugged handheld Push-to-Talk over Cellular smartphone devices for first responders, enterprise customers, construction workers, security guards, government agencies, utilities, transportation and waste management, amusement parks, and mobile workers in various industries.