Synchronoss Technologies, Inc. 8.375% Senior Notes due 2026 (NASDAQ:SNCRL) Short Interest Up 180.0% in January

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

Synchronoss Technologies, Inc. 8.375% Senior Notes due 2026 Trading Down 1.2 %

Shares of NASDAQ:SNCRL traded down $0.29 on Friday, hitting $24.45. The company’s stock had a trading volume of 52,371 shares, compared to its average volume of 11,509. The stock’s 50-day moving average is $24.88 and its two-hundred day moving average is $24.53. Synchronoss Technologies, Inc. 8.375% Senior Notes due 2026 has a 12 month low of $17.55 and a 12 month high of $26.30.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be paid a dividend of $0.5234 per share. The ex-dividend date is Wednesday, January 15th. This represents a $2.09 annualized dividend and a yield of 8.56%.

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.