Short Interest in Synchronoss Technologies, Inc. 8.375% Senior Notes due 2026 (NASDAQ:SNCRL) Grows By 532.0%

Synchronoss Technologies, Inc. 8.375% Senior Notes due 2026 (NASDAQ:SNCRL) saw a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 15,800 shares, a growth of 532.0% from the October 31st total of 2,500 shares. Based on an average daily volume of 11,400 shares, the days-to-cover ratio is currently 1.4 days.

Synchronoss Technologies, Inc. 8.375% Senior Notes due 2026 Trading Up 0.7 %

Shares of SNCRL stock traded up $0.17 during midday trading on Thursday, hitting $24.88. The company had a trading volume of 3,436 shares, compared to its average volume of 13,647. The company’s 50 day simple moving average is $24.83 and its 200 day simple moving average is $23.44. Synchronoss Technologies, Inc. 8.375% Senior Notes due 2026 has a 52-week low of $17.55 and a 52-week 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 Thursday, October 31st. Shareholders of record on Tuesday, October 15th were paid a $0.5234 dividend. The ex-dividend date was Tuesday, October 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.