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

Synchronoss Technologies, Inc. 8.375% Senior Notes due 2026 (NASDAQ:SNCRL) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 12,200 shares, an increase of 28.4% from the August 15th total of 9,500 shares. Based on an average daily volume of 17,600 shares, the short-interest ratio is presently 0.7 days.

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

Synchronoss Technologies, Inc. 8.375% Senior Notes due 2026 stock traded up $0.07 during trading on Friday, reaching $24.66. The company had a trading volume of 2,252 shares, compared to its average volume of 14,158. The firm’s 50-day simple moving average is $23.66 and its 200 day simple moving average is $22.03. Synchronoss Technologies, Inc. 8.375% Senior Notes due 2026 has a 1-year low of $16.40 and a 1-year high of $26.30.

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

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Monday, July 15th were paid a dividend of $0.5234 per share. The ex-dividend date was Monday, July 15th. This represents a $2.09 dividend on an annualized basis and a dividend yield of 8.49%.

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.