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

Synchronoss Technologies, Inc. 8.375% Senior Notes due 2026 (NASDAQ:SNCRL) saw a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 19,800 shares, an increase of 9,800.0% from the January 31st total of 200 shares. Based on an average daily trading volume, of 10,400 shares, the days-to-cover ratio is currently 1.9 days.

Synchronoss Technologies, Inc. 8.375% Senior Notes due 2026 Stock Down 0.2 %

NASDAQ:SNCRL traded down $0.05 during trading hours on Thursday, reaching $24.81. 5,972 shares of the company’s stock were exchanged, compared to its average volume of 13,471. 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. The company has a 50-day moving average of $24.84 and a 200 day moving average of $24.75.

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

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 15th were given a $0.5234 dividend. This represents a $2.09 annualized dividend and a yield of 8.44%. The ex-dividend date of this dividend was 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.