What’s in Synacor Inc (NASDAQ:SYNC) After Decline in Shorted Shares?

September 30, 2018 - By Victoria Pittman

Synacor, Inc. (NASDAQ:SYNC) Logo

Investors sentiment increased to 1.44 in Q2 2018. Its up 0.44, from 1 in 2018Q1. It improved, as 6 investors sold Synacor, Inc. shares while 3 reduced holdings. 8 funds opened positions while 5 raised stakes. 9.57 million shares or 7.36% less from 10.33 million shares in 2018Q1 were reported.
Ariel Investments Limited Liability Com reported 3.98 million shares or 0.09% of all its holdings. California Employees Retirement System owns 0% invested in Synacor, Inc. (NASDAQ:SYNC) for 13,700 shares. Financial Architects accumulated 2,500 shares or 0% of the stock. Spark Ltd Liability Corp reported 57,700 shares. 125,700 were accumulated by Prudential Fin. Renaissance Technology Ltd Liability holds 0% or 1.30M shares in its portfolio. One Trading Ltd Partnership invested 0% in Synacor, Inc. (NASDAQ:SYNC). Bridgeway Mgmt reported 0.01% of its portfolio in Synacor, Inc. (NASDAQ:SYNC). Savings Bank Of Mellon Corporation has invested 0% in Synacor, Inc. (NASDAQ:SYNC). Royal State Bank Of Canada accumulated 2,370 shares or 0% of the stock. Sequoia Advsr Ltd Co stated it has 13,068 shares or 0% of all its holdings. Nj State Employees Deferred Compensation Plan accumulated 190,000 shares or 0.07% of the stock. Citigroup reported 2,000 shares. Susquehanna Grp Ltd Liability Partnership owns 42,162 shares. Blackrock invested 0% in Synacor, Inc. (NASDAQ:SYNC).

The stock of Synacor Inc (NASDAQ:SYNC) registered a decrease of 12.23% in short interest. SYNC’s total short interest was 99,800 shares in September as published by FINRA. Its down 12.23% from 113,700 shares, reported previously. With 105,100 shares average volume, it will take short sellers 1 days to cover their SYNC’s short positions. The short interest to Synacor Inc’s float is 0.31%.

The stock decreased 3.03% or $0.05 during the last trading session, reaching $1.6. About 66,356 shares traded. Synacor, Inc. (NASDAQ:SYNC) has declined 33.33% since September 30, 2017 and is downtrending. It has underperformed by 48.95% the S&P500.

Synacor, Inc. operates as a technology development, multiplatform services, and revenue partner for video, Internet, and communications providers; and device manufacturers, governments, and enterprises. The company has market cap of $62.34 million. It enables its clients to provide their clients engaging, multiscreen experiences with products that require scale, and actionable data and implementation. It currently has negative earnings. The company, through its managed portals and advertising solutions, enables its clients to earn revenue by monetizing media among their consumers.

Synacor, Inc. (NASDAQ:SYNC) Institutional Positions Chart

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