Short Interest in Synchronoss Technologies, Inc. 8.375% Senior Notes due 2026 (NASDAQ:SNCRL) Declines By 81.6%

Synchronoss Technologies, Inc. 8.375% Senior Notes due 2026 (NASDAQ:SNCRL) was the target of a large drop in short interest in the month of November. As of November 30th, there was short interest totalling 2,900 shares, a drop of 81.6% from the November 15th total of 15,800 shares. Based on an average daily trading volume, of 10,400 shares, the days-to-cover ratio is currently 0.3 days.

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

Shares of SNCRL traded down $0.10 during midday trading on Wednesday, hitting $24.80. The company had a trading volume of 7,173 shares, compared to its average volume of 13,299. The company’s 50 day moving average price is $24.85 and its 200 day moving average price is $23.70. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be given a $0.5234 dividend. This represents a $2.09 annualized dividend and a yield of 8.44%. The ex-dividend date of this dividend is Wednesday, January 15th.

Synchronoss Technologies, Inc. 8.375% Senior Notes due 2026 Company Profile

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.