Short Interest in Mynaric AG (NASDAQ:MYNA) Declines By 30.6%

Mynaric AG (NASDAQ:MYNA) was the recipient of a large decrease in short interest in June. As of June 15th, there was short interest totalling 7,700 shares, a decrease of 30.6% from the May 31st total of 11,100 shares. Based on an average daily trading volume, of 6,000 shares, the days-to-cover ratio is presently 1.3 days.

Mynaric Stock Performance

Shares of NASDAQ MYNA opened at $4.17 on Monday. The firm’s 50-day moving average price is $4.81 and its 200-day moving average price is $5.09. Mynaric has a 12-month low of $3.01 and a 12-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.