Mynaric AG (NASDAQ:MYNA) Sees Large Growth in Short Interest

Mynaric AG (NASDAQ:MYNA) was the recipient of a significant increase in short interest in December. As of December 31st, there was short interest totalling 1,200,000 shares, an increase of 545.9% from the December 15th total of 185,800 shares. Based on an average daily trading volume, of 817,500 shares, the days-to-cover ratio is currently 1.5 days.

Mynaric Stock Performance

Shares of MYNA traded down $0.03 during midday trading on Monday, hitting $0.56. The stock had a trading volume of 244,529 shares, compared to its average volume of 521,976. The company has a 50 day simple moving average of $0.97 and a two-hundred day simple moving average of $1.88. Mynaric has a twelve month low of $0.33 and a twelve month high of $236.40.

About Mynaric

Mynaric AG develops and manufactures laser communication products for aerospace-based communication networks for government and commercial markets in the United States and internationally. It operates through Air and Space segments. The company's laser communication technology provides long-distance data transmission between moving objects for wireless space, airborne, and terrestrial applications.