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

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

Synchronoss Technologies, Inc. 8.375% Senior Notes due 2026 stock traded up $0.09 during midday trading on Wednesday, reaching $24.80. The company’s stock had a trading volume of 761 shares, compared to its average volume of 13,633. Synchronoss Technologies, Inc. 8.375% Senior Notes due 2026 has a fifty-two week low of $17.55 and a fifty-two week high of $26.30. The stock’s 50 day simple moving average is $24.83 and its 200 day simple moving average is $23.43.

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 issued a $0.5234 dividend. This represents a $2.09 dividend on an annualized basis and a yield of 8.44%. The ex-dividend date was Tuesday, October 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.