Silynxcom (NYSE:SYNX) Shares Down 10.3% – Here’s Why

Silynxcom Ltd. (NYSE:SYNX)’s share price dropped 10.3% on Tuesday . The stock traded as low as $1.76 and last traded at $1.82. Approximately 18,223 shares changed hands during mid-day trading, a decline of 7% from the average daily volume of 19,699 shares. The stock had previously closed at $2.03.

Silynxcom Stock Down 10.3 %

The company’s 50 day moving average price is $3.62 and its 200-day moving average price is $3.37.

Hedge Funds Weigh In On Silynxcom

A hedge fund recently raised its stake in Silynxcom stock. AWM Investment Company Inc. grew its position in shares of Silynxcom Ltd. (NYSE:SYNX) by 3.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 672,173 shares of the company’s stock after buying an additional 19,551 shares during the quarter. AWM Investment Company Inc. owned approximately 21.27% of Silynxcom worth $2,433,000 as of its most recent filing with the Securities and Exchange Commission.

About Silynxcom

Silynxcom Ltd. is involved in developing, manufacturing, marketing and selling ruggedized tactical communication headset devices as well as other communication accessories. Silynxcom Ltd. is based in Netanya, Israel.