Synacor Inc (NASDAQ:SYNC) Short Interest Update

Synacor Inc (NASDAQ:SYNC) was the target of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totalling 12,100 shares, a decrease of 27.1% from the June 30th total of 16,600 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 98,000 shares, the days-to-cover ratio is presently 0.1 days.

Separately, Needham & Company LLC reaffirmed a “hold” rating on shares of Synacor in a report on Tuesday, June 30th.

A number of large investors have recently bought and sold shares of the stock. Fondren Management LP raised its position in Synacor by 12.9% during the 1st quarter. Fondren Management LP now owns 2,126,125 shares of the information services provider’s stock worth $2,169,000 after buying an additional 243,125 shares during the last quarter. Renaissance Technologies LLC raised its holdings in Synacor by 5.4% during the fourth quarter. Renaissance Technologies LLC now owns 1,822,812 shares of the information services provider’s stock worth $2,771,000 after purchasing an additional 93,726 shares in the last quarter. Finally, Raffles Associates LP lifted its position in Synacor by 43.4% in the first quarter. Raffles Associates LP now owns 1,320,741 shares of the information services provider’s stock valued at $1,347,000 after purchasing an additional 400,000 shares during the period. Hedge funds and other institutional investors own 28.63% of the company’s stock.

Shares of SYNC opened at $1.17 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.10 and a current ratio of 1.10. Synacor has a fifty-two week low of $0.79 and a fifty-two week high of $1.85. The firm has a 50-day simple moving average of $1.17 and a 200-day simple moving average of $1.23. The company has a market capitalization of $46.16 million, a price-to-earnings ratio of -4.18 and a beta of 0.84.

Synacor (NASDAQ:SYNC) last posted its quarterly earnings data on Wednesday, May 6th. The information services provider reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.02. The company had revenue of $20.58 million during the quarter. Synacor had a negative return on equity of 14.62% and a negative net margin of 10.22%.

Synacor Company Profile

Synacor, Inc operates as a technology development, multiplatform services, and revenue partner for video, Internet, and communications providers; and device manufacturers, governments, and enterprises in the United States and internationally. It enables its customers to provide their consumers engaging, multiscreen experiences with products that require scale, and actionable data and implementation.

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