Mynaric AG (NASDAQ:MYNA) Short Interest Up 545.9% in January

Mynaric AG (NASDAQ:MYNA) was the recipient of a significant 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 trading volume of 817,500 shares, the short-interest ratio is presently 1.5 days.

Mynaric Trading Down 2.9 %

MYNA traded down $0.01 during midday trading on Tuesday, reaching $0.50. 50,466 shares of the company’s stock traded hands, compared to its average volume of 529,398. Mynaric has a 52 week low of $0.33 and a 52 week high of $5.89. The firm has a fifty day moving average of $0.76 and a two-hundred day moving average of $1.58.

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.