Mynaric AG (NASDAQ:MYNA) Sees Large Drop in Short Interest

Mynaric AG (NASDAQ:MYNA) saw a large drop in short interest in December. As of December 15th, there was short interest totalling 185,800 shares, a drop of 20.9% from the November 30th total of 234,900 shares. Based on an average daily volume of 509,200 shares, the short-interest ratio is currently 0.4 days.

Mynaric Trading Up 52.6 %

Shares of NASDAQ MYNA traded up $0.33 during trading hours on Monday, hitting $0.96. The stock had a trading volume of 11,427,197 shares, compared to its average volume of 192,988. The firm’s 50-day moving average price is $1.08 and its two-hundred day moving average price is $2.11. Mynaric has a 52 week low of $0.33 and a 52 week high of $254.00.

Mynaric Company Profile

Mynaric AG develops and manufactures laser communication products for aerospace-based communication networks for government and commercial markets in the United States and internationally. It operates through Air and Space segments. The company's laser communication technology provides long-distance data transmission between moving objects for wireless space, airborne, and terrestrial applications.