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

Synchronoss Technologies, Inc. 8.375% Senior Notes due 2026 (NASDAQ:SNCRL) was the target of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 22,500 shares, a growth of 188.5% from the February 28th total of 7,800 shares. Based on an average daily trading volume, of 11,900 shares, the days-to-cover ratio is currently 1.9 days.

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

NASDAQ SNCRL traded up $0.12 during trading hours on Friday, reaching $24.75. The company’s stock had a trading volume of 1,191 shares, compared to its average volume of 12,889. The company’s 50-day moving average is $24.83 and its two-hundred day moving average is $24.83. 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.

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

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th were paid a dividend of $0.5234 per share. The ex-dividend date of this dividend was Wednesday, January 15th. This represents a $2.09 dividend on an annualized basis and a dividend yield of 8.46%.

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.