Siyata Mobile Inc. (NASDAQ:SYTA) Short Interest Down 91.1% in December

Siyata Mobile Inc. (NASDAQ:SYTAGet Free Report) was the recipient of a significant decline in short interest in the month of December. As of December 31st, there was short interest totalling 1,600 shares, a decline of 91.1% from the December 15th total of 17,900 shares. Based on an average daily trading volume, of 62,500 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.1% of the shares of the company are short sold.

Siyata Mobile Stock Performance

Shares of SYTA traded up $0.01 during mid-day trading on Friday, hitting $4.58. The stock had a trading volume of 8,398 shares, compared to its average volume of 24,117. The business has a fifty day moving average price of $3.66 and a 200-day moving average price of $34.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.25 and a current ratio of 2.08. Siyata Mobile has a 52 week low of $2.33 and a 52 week high of $204.40.

Siyata Mobile (NASDAQ:SYTAGet Free Report) last issued its earnings results on Wednesday, November 15th. The company reported ($7.28) earnings per share (EPS) for the quarter, beating the consensus estimate of ($7.35) by $0.07. The firm had revenue of $1.84 million for the quarter, compared to analyst estimates of $2.90 million. Siyata Mobile had a negative return on equity of 166.52% and a negative net margin of 221.78%. During the same period in the previous year, the company posted ($21.00) earnings per share. As a group, analysts anticipate that Siyata Mobile will post -121.97 earnings per share for the current fiscal year.

Institutional Trading of Siyata Mobile

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Anson Funds Management LP raised its stake in shares of Siyata Mobile by 349.2% during the 2nd quarter. Anson Funds Management LP now owns 8,085,848 shares of the company’s stock valued at $440,000 after purchasing an additional 6,285,848 shares during the period. Walleye Capital LLC purchased a new position in Siyata Mobile during the second quarter worth about $315,000. Two Sigma Securities LLC purchased a new position in Siyata Mobile during the first quarter worth about $26,000. Virtu Financial LLC purchased a new position in Siyata Mobile during the first quarter worth about $68,000. Finally, Bank of America Corp DE purchased a new position in Siyata Mobile during the first quarter worth about $31,000.

Siyata Mobile Company Profile

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Siyata Mobile Inc develops and provides cellular-based communications platform. It develops, markets, and sells rugged handheld Push-to-Talk over Cellular smartphone devices for first responders, construction workers, security guards, government agencies, utilities, transportation and waste management, amusement parks, and mobile workers in various industries.

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