Synchronoss Technologies, Inc. 8.375% Senior Notes due 2026 (NASDAQ:SNCRL) Short Interest Up 28.4% in August

Synchronoss Technologies, Inc. 8.375% Senior Notes due 2026 (NASDAQ:SNCRL) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totalling 12,200 shares, an increase of 28.4% from the August 15th total of 9,500 shares. Based on an average daily volume of 17,600 shares, the days-to-cover ratio is currently 0.7 days.

Synchronoss Technologies, Inc. 8.375% Senior Notes due 2026 Stock Up 0.3 %

Shares of SNCRL stock traded up $0.07 during midday trading on Friday, reaching $24.66. 2,252 shares of the company were exchanged, compared to its average volume of 14,158. The company’s 50 day moving average price is $23.66 and its two-hundred day moving average price is $22.03. Synchronoss Technologies, Inc. 8.375% Senior Notes due 2026 has a 12 month low of $16.40 and a 12 month high of $26.30.

Synchronoss Technologies, Inc. 8.375% Senior Notes due 2026 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Monday, July 15th were issued a dividend of $0.5234 per share. The ex-dividend date was Monday, July 15th. This represents a $2.09 annualized dividend and a yield of 8.49%.

Synchronoss Technologies, Inc. 8.375% Senior Notes due 2026 Company Profile

synchronoss technologies (nasdaq: sncr) is the mobile innovation leader that provides personal cloud solutions and software-based activation for connected devices across the globe. the company’s proven and scalable technology solutions allow customers to connect, synchronize and activate connected devices and services that empower enterprises and consumers to live in a connected world.