Mynaric AG (NASDAQ:MYNA) Short Interest Update

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

Mynaric Stock Down 2.9 %

NASDAQ:MYNA traded down $0.01 on Tuesday, reaching $0.50. 50,466 shares of the stock traded hands, compared to its average volume of 529,398. The company’s fifty day simple moving average is $0.76 and its 200 day simple moving average is $1.58. Mynaric has a 12 month low of $0.33 and a 12 month high of $5.89.

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.