Short Interest in Mynaric AG (NASDAQ:MYNA) Expands By 63.8%

Mynaric AG (NASDAQ:MYNA) was the target of a large growth in short interest during the month of July. As of July 31st, there was short interest totalling 9,500 shares, a growth of 63.8% from the July 15th total of 5,800 shares. Based on an average daily trading volume, of 3,600 shares, the days-to-cover ratio is currently 2.6 days.

Mynaric Price Performance

Shares of MYNA stock opened at $4.24 on Wednesday. The firm has a 50-day moving average price of $4.11 and a 200 day moving average price of $4.66. Mynaric has a twelve month low of $3.01 and a twelve month high of $7.58.

Mynaric Company Profile

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.