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 target of a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 1,400 shares, an increase of 180.0% from the December 15th total of 500 shares. Based on an average daily volume of 8,600 shares, the short-interest ratio is presently 0.2 days.

Synchronoss Technologies, Inc. 8.375% Senior Notes due 2026 Trading Down 0.1 %

Shares of SNCRL stock traded down $0.03 during mid-day trading on Tuesday, reaching $24.86. 1,828 shares of the company’s stock traded hands, compared to its average volume of 5,795. 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 50 day moving average price of $24.88 and a two-hundred day moving average price of $24.32.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be given a $0.5234 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $2.09 annualized dividend and a dividend yield of 8.42%.

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.