Short Interest in Satixfy Communications Ltd. (NYSEAMERICAN:SATX) Declines By 25.4%

Satixfy Communications Ltd. (NYSEAMERICAN:SATX) was the recipient of a large decline in short interest during 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. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 51,100 shares, the short-interest ratio is presently 1.3 days.

Satixfy Communications Stock Performance

NYSEAMERICAN:SATX traded up $0.01 on Friday, reaching $0.73. The stock had a trading volume of 79,158 shares, compared to its average volume of 49,468. Satixfy Communications has a 12-month low of $0.30 and a 12-month high of $0.80.

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

About Satixfy Communications

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.