Xylo Technologies Ltd. (NASDAQ:XYLO) Sees Large Growth in Short Interest

Xylo Technologies Ltd. (NASDAQ:XYLO) was the recipient of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 7,600 shares, an increase of 111.1% from the March 15th total of 3,600 shares. Currently, 1.0% of the company’s shares are short sold. Based on an average daily volume of 12,400 shares, the short-interest ratio is presently 0.6 days.

Xylo Technologies Stock Down 8.7 %

Shares of XYLO stock opened at $4.81 on Wednesday. The firm’s 50-day moving average is $4.80 and its two-hundred day moving average is $4.07. Xylo Technologies has a 12 month low of $2.70 and a 12 month high of $8.83.

Institutional Investors Weigh In On Xylo Technologies

A hedge fund recently bought a new stake in Xylo Technologies stock. Lepercq Multi Asset Fund acquired a new position in shares of Xylo Technologies Ltd. (NASDAQ:XYLO) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 26,059 shares of the company’s stock, valued at approximately $94,000. Xylo Technologies comprises approximately 0.1% of Lepercq Multi Asset Fund’s investment portfolio, making the stock its 9th biggest position. Lepercq Multi Asset Fund owned 3.61% of Xylo Technologies at the end of the most recent reporting period. Institutional investors own 0.26% of the company’s stock.

Xylo Technologies Company Profile

Xylo Technologies Ltd, a technology-based company, provides medical-related devices and products in the United States, Europe, Asia, Israel, and internationally. The company operates through Corporate, E-commerce, Online Advertising & Internet Traffic Routing, Online Event Management, and Others segments.