Short Interest in Sintx Technologies, Inc. (NASDAQ:SINT) Drops By 15.0%

Sintx Technologies, Inc. (NASDAQ:SINT) was the target of a large decrease in short interest during the month of June. As of June 15th, there was short interest totalling 43,800 shares, a decrease of 15.0% from the May 31st total of 51,500 shares. Based on an average trading volume of 380,700 shares, the short-interest ratio is currently 0.1 days. Currently, 7.1% of the shares of the company are sold short.

Sintx Technologies Price Performance

SINT stock opened at $4.55 on Tuesday. The firm’s fifty day simple moving average is $9.24 and its 200-day simple moving average is $29.11. Sintx Technologies has a 12 month low of $4.12 and a 12 month high of $364.00. The company has a market capitalization of $2.79 million, a P/E ratio of -0.01 and a beta of 1.33.

Sintx Technologies (NASDAQ:SINT) last posted its earnings results on Monday, May 13th. The company reported ($22.00) earnings per share (EPS) for the quarter. Sintx Technologies had a negative net margin of 318.99% and a negative return on equity of 81.96%. The firm had revenue of $0.69 million during the quarter.

Hedge Funds Weigh In On Sintx Technologies

An institutional investor recently bought a new position in Sintx Technologies stock. Anson Funds Management LP bought a new stake in Sintx Technologies, Inc. (NASDAQ:SINT) in the 1st quarter, according to its most recent filing with the SEC. The fund bought 959,297 shares of the company’s stock, valued at approximately $47,000. Anson Funds Management LP owned 4.23% of Sintx Technologies at the end of the most recent reporting period. Institutional investors own 18.38% of the company’s stock.

Sintx Technologies Company Profile

Sintx Technologies, Inc, an advanced ceramics company, engages in the research, development, and commercialization of medical devices manufactured with silicon nitride for biomedical, technical, and antipathogenic applications in the United States. It provides solid and porous silicon nitride; silicon nitrite powder; and silicon nitride coating products, as well as silicon nitride composite materials, polyetheretherketone, and polyetherketoneketone.