Synchronoss Technologies, Inc. 8.375% Senior Notes due 2026 (NASDAQ:SNCRL) Short Interest Up 2,400.0% in October

Synchronoss Technologies, Inc. 8.375% Senior Notes due 2026 (NASDAQ:SNCRL) was the target of a large growth in short interest in October. As of October 31st, there was short interest totalling 2,500 shares, a growth of 2,400.0% from the October 15th total of 100 shares. Based on an average daily volume of 11,800 shares, the days-to-cover ratio is currently 0.2 days.

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

Shares of NASDAQ SNCRL traded down $0.25 during trading on Thursday, hitting $24.65. The stock had a trading volume of 18,690 shares, compared to its average volume of 13,808. Synchronoss Technologies, Inc. 8.375% Senior Notes due 2026 has a 12 month low of $17.55 and a 12 month high of $26.30. The firm has a fifty day moving average of $24.77 and a two-hundred day moving average of $23.17.

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

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Tuesday, October 15th were issued a $0.5234 dividend. This represents a $2.09 dividend on an annualized basis and a dividend yield of 8.49%. 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.