Synchronoss Technologies, Inc. 8.375% Senior Notes due 2026 (NASDAQ:SNCRL) Sees Large Growth in Short Interest

Synchronoss Technologies, Inc. 8.375% Senior Notes due 2026 (NASDAQ:SNCRL) saw a significant increase in short interest in October. As of October 31st, there was short interest totalling 2,500 shares, an increase of 2,400.0% from the October 15th total of 100 shares. Based on an average daily trading volume, of 11,800 shares, the short-interest ratio is currently 0.2 days.

Synchronoss Technologies, Inc. 8.375% Senior Notes due 2026 Stock Up 0.6 %

SNCRL stock traded up $0.14 during midday trading on Tuesday, reaching $24.90. The company had a trading volume of 1,287 shares, compared to its average volume of 13,813. Synchronoss Technologies, Inc. 8.375% Senior Notes due 2026 has a 1-year low of $17.55 and a 1-year high of $26.30. The stock has a 50 day moving average price of $24.75 and a 200-day moving average price of $23.13.

Synchronoss Technologies, Inc. 8.375% Senior Notes due 2026 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th were issued a dividend of $0.5234 per share. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $2.09 annualized dividend and a dividend yield of 8.41%.

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.