Is Buying SYNCORA HOLDINGS LTD BERMUDA USD (OTCMKTS:SYCRF), Having Higher Short Interest a Winning Strategy?

September 30, 2018 - By Matthew Richard

The stock of SYNCORA HOLDINGS LTD BERMUDA USD (OTCMKTS:SYCRF) registered an increase of 0.41% in short interest. SYCRF’s total short interest was 881,800 shares in September as published by FINRA. Its up 0.41% from 878,200 shares, reported previously. With 640,000 shares average volume, it will take short sellers 1 days to cover their SYCRF’s short positions.

The stock decreased 1.54% or $0.06 during the last trading session, reaching $3.84. About 91,700 shares traded. Syncora Holdings Ltd. (OTCMKTS:SYCRF) has 0.00% since September 30, 2017 and is . It has underperformed by 15.62% the S&P500.

Syncora Holdings Ltd., through its subsidiary, Syncora Guarantee Inc., provides financial guarantee insurance and reinsurance, and credit enhancement for the obligations of debt issuers worldwide. The company has market cap of $333.96 million. It operates through two divisions, Financial Guarantee Insurance and Other. It has a 3.49 P/E ratio. The firm guarantees U.S. municipal bonds; asset-backed securities; debt backed by utilities and selected infrastructure projects; specialized risks, including future flow securitizations and bank deposit insurance; and collateralized debt obligations.

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