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) was the target of a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 15,800 shares, an increase of 532.0% from the October 31st total of 2,500 shares. Based on an average daily trading volume, of 11,400 shares, the short-interest ratio is presently 1.4 days.

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

NASDAQ SNCRL traded up $0.10 on Friday, hitting $24.98. 6,074 shares of the stock were exchanged, compared to its average volume of 13,613. The business’s fifty day moving average is $24.83 and its 200 day moving average is $23.45. Synchronoss Technologies, Inc. 8.375% Senior Notes due 2026 has a 52 week low of $17.55 and a 52 week high of $26.30.

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

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th were given a $0.5234 dividend. This represents a $2.09 dividend on an annualized basis and a yield of 8.38%. The ex-dividend date was Tuesday, October 15th.

Synchronoss Technologies, Inc. 8.375% Senior Notes due 2026 Company Profile

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.