Satixfy Communications Ltd. (NYSEAMERICAN:SATX) Short Interest Down 25.4% in October

Satixfy Communications Ltd. (NYSEAMERICAN:SATX) saw a significant decline in short interest in the month of October. As of October 15th, there was short interest totalling 68,200 shares, a decline of 25.4% from the September 30th total of 91,400 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 51,100 shares, the days-to-cover ratio is currently 1.3 days.

Satixfy Communications Stock Up 1.8 %

Satixfy Communications stock traded up $0.01 during trading on Friday, reaching $0.73. 79,158 shares of the company’s stock were exchanged, compared to its average volume of 49,468. Satixfy Communications has a 52-week low of $0.30 and a 52-week high of $0.80.

Satixfy Communications (NYSEAMERICAN:SATX) last issued its earnings results on Friday, September 6th. The company reported ($0.11) earnings per share for the quarter. The firm had revenue of $4.15 million during the quarter.

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.