Short Interest in Satixfy Communications Ltd. (NYSEAMERICAN:SATX) Declines By 22.1%

Satixfy Communications Ltd. (NYSEAMERICAN:SATX) was the recipient of a significant drop in short interest during the month of April. As of April 15th, there was short interest totalling 80,700 shares, a drop of 22.1% from the March 31st total of 103,600 shares. Based on an average trading volume of 93,800 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.3% of the company’s shares are sold short.

Satixfy Communications Stock Up 2.4 %

NYSEAMERICAN:SATX traded up $0.01 during trading hours on Friday, reaching $0.60. 22,325 shares of the company were exchanged, compared to its average volume of 47,984. Satixfy Communications has a 52-week low of $0.28 and a 52-week high of $1.03. The company’s 50 day moving average is $0.54.

Hedge Funds Weigh In On Satixfy Communications

An institutional investor recently bought a new position in Satixfy Communications stock. Senvest Management LLC bought a new stake in shares of Satixfy Communications Ltd. (NYSEAMERICAN:SATX) in the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 2,617,822 shares of the company’s stock, valued at approximately $1,393,000. 5.04% of the stock is currently owned by institutional investors.

Satixfy Communications Company Profile

SatixFy Communications Ltd. develops end-to-end next-generation satellite communications systems. The company offers satellite payloads, user terminals, and modems. Its products include modems that feature software defined radio; fully electronically steered multi beam antennas; and very small aperture terminals and multi-beam fully electronically steered antenna arrays for various mobile applications and services.