The most recent short interest data has been released for the 10/31/2016 settlement date, which shows a 396,621 share increase in total short interest for Synchronoss Technologies Inc (SNCR), to 3,164,536, an increase of 14.33% since 10/14/2016. Total short interest is just one way to look at short data; another metric that we here at Dividend Channel find particularly useful is the "days to cover" metric because it considers both the total shares short and the average daily volume of shares traded. The number of shares short is then compared to the average daily volume, in order to calculate the total number of trading days (at the average volume) it would take to close out all of the open short positions if every share traded represented a short position being closed. Average daily volume for SNCR at the 10/31/2016 settlement decreased to 282,605, as compared to 323,907 at the 10/14/2016 report. That brought "days to cover" up to 11.20, a 31.04% increase from the 8.55 days to cover calculated at the previous short interest data release.
The below chart shows the historical "days to cover" for SNCR at previous short interest release dates: START SLIDESHOW:
Top 25 S.A.F.E. Dividend Stocks »

The chart below shows the one year performance of SNCR shares, versus its 200 day moving average. Looking at this chart, SNCR's low point in its 52 week range is $20.33 per share, with $47.53 as the 52 week high point — that compares with a last trade of $47.39.
