Synchronoss Technologies, Inc. 8.375% Senior Notes due 2026 (NASDAQ:SNCRL) Sees Significant Increase in Short Interest

Synchronoss Technologies, Inc. 8.375% Senior Notes due 2026 (NASDAQ:SNCRL) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 1,400 shares, an increase of 180.0% from the December 15th total of 500 shares. Based on an average daily trading volume, of 8,600 shares, the days-to-cover ratio is currently 0.2 days.

Synchronoss Technologies, Inc. 8.375% Senior Notes due 2026 Stock Down 0.6 %

Synchronoss Technologies, Inc. 8.375% Senior Notes due 2026 stock traded down $0.14 during trading hours on Thursday, hitting $24.75. 5,569 shares of the stock traded hands, compared to its average volume of 10,107. The firm’s 50 day moving average price is $24.88 and its 200-day moving average price is $24.34. Synchronoss Technologies, Inc. 8.375% Senior Notes due 2026 has a 1 year low of $17.55 and a 1 year high of $26.30.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be paid a dividend of $0.5234 per share. This represents a $2.09 annualized dividend and a yield of 8.46%. The ex-dividend date of this dividend is Wednesday, January 15th.

About Synchronoss Technologies, Inc. 8.375% Senior Notes due 2026

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.