Xylo Technologies Ltd. (NASDAQ:XYLO) Short Interest Down 32.1% in March

Xylo Technologies Ltd. (NASDAQ:XYLO) was the recipient of a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 3,600 shares, a decline of 32.1% from the February 28th total of 5,300 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average daily volume of 13,800 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On Xylo Technologies

An institutional investor recently bought a new position in Xylo Technologies stock. Lepercq Multi Asset Fund purchased a new stake in Xylo Technologies Ltd. (NASDAQ:XYLO) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 26,059 shares of the company’s stock, valued at approximately $94,000. Xylo Technologies comprises about 0.1% of Lepercq Multi Asset Fund’s portfolio, making the stock its 9th largest position. Lepercq Multi Asset Fund owned 3.61% of Xylo Technologies at the end of the most recent reporting period. 0.26% of the stock is currently owned by hedge funds and other institutional investors.

Xylo Technologies Stock Performance

NASDAQ:XYLO opened at $4.95 on Monday. Xylo Technologies has a 12-month low of $2.70 and a 12-month high of $8.83. The company’s 50-day moving average is $4.67 and its two-hundred day moving average is $3.95.

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.