Sintx Technologies (NASDAQ:SINT) Stock Price Up 55.9% – Here’s Why

Sintx Technologies, Inc. (NASDAQ:SINT)’s share price traded up 55.9% on Monday . The stock traded as high as $3.28 and last traded at $3.18. 51,785,164 shares changed hands during mid-day trading, an increase of 7,328% from the average session volume of 697,142 shares. The stock had previously closed at $2.04.

Sintx Technologies Stock Performance

The firm’s 50 day moving average price is $3.15 and its two-hundred day moving average price is $5.44. The firm has a market cap of $2.38 million, a PE ratio of -0.06 and a beta of 1.37.

Institutional Trading of Sintx Technologies

An institutional investor recently bought a new position in Sintx Technologies stock. Anson Funds Management LP bought a new position in shares of Sintx Technologies, Inc. (NASDAQ:SINT) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 959,297 shares of the company’s stock, valued at approximately $47,000. Anson Funds Management LP owned approximately 4.23% of Sintx Technologies at the end of the most recent quarter. Institutional investors and hedge funds own 18.38% of the company’s stock.

About Sintx Technologies

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.