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

kopsource ·  Apr 28, 2023 18:33

Synchronoss Technologies, Inc. 8.375% Senior Notes due 2026 (NASDAQ:SNCRL – Get Rating) was the target of a significant decline in short interest in April. As of April 15th, there was short interest totalling 600 shares, a decline of 14.3% from the March 31st total of 700 shares. Based on an average daily trading volume, of 5,800 shares, the days-to-cover ratio is currently 0.1 days.

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

NASDAQ SNCRL traded up $0.68 during trading hours on Friday, hitting $18.49. The company had a trading volume of 109,951 shares, compared to its average volume of 6,814. The business has a 50 day moving average of $17.92 and a 200-day moving average of $18.31. Synchronoss Technologies, Inc. 8.375% Senior Notes due 2026 has a 1-year low of $15.00 and a 1-year high of $23.78.

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

The company also recently announced a quarterly dividend, which will be paid on Sunday, April 30th. Shareholders of record on Friday, April 14th will be issued a $0.5234 dividend. This represents a $2.09 annualized dividend and a yield of 11.32%. The ex-dividend date of this dividend is Thursday, April 13th.

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