Satixfy Communications Ltd. (NYSEAMERICAN:SATX) Sees Significant Increase in Short Interest

Satixfy Communications Ltd. (NYSEAMERICAN:SATX) was the target of a large increase in short interest in February. As of February 28th, there was short interest totalling 16,400 shares, an increase of 74.5% from the February 13th total of 9,400 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 246,600 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On Satixfy Communications

A number of hedge funds and other institutional investors have recently bought and sold shares of SATX. XTX Topco Ltd purchased a new position in shares of Satixfy Communications in the 4th quarter worth about $33,000. Renaissance Technologies LLC lifted its position in Satixfy Communications by 255.8% in the 4th 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 last quarter. Finally, Senvest Management LLC lifted its position in Satixfy Communications by 2.3% in the 3rd 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. Hedge funds and other institutional investors own 5.04% of the company’s stock.

Satixfy Communications Price Performance

SATX opened at $1.21 on Friday. Satixfy Communications has a one year low of $0.50 and a one year high of $2.39.

Analyst Ratings Changes

Several research firms have recently issued reports on SATX. Northland Securities assumed coverage on Satixfy Communications in a report on Thursday, December 5th. They issued an “outperform” rating and a $2.00 target price for the company. Alliance Global Partners began coverage on Satixfy Communications in a research note on Monday, December 16th. They issued a “buy” rating and a $2.50 price objective on the stock. Finally, Northland Capmk raised Satixfy Communications to a “strong-buy” rating in a research report on Thursday, December 5th.

Satixfy Communications Company Profile

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.