Sintx Technologies, Inc. (NASDAQ:SINT) Sees Large Decline in Short Interest

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

Institutional Investors Weigh In On Sintx Technologies

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

Sintx Technologies Price Performance

SINT opened at $4.80 on Friday. The business has a fifty day simple moving average of $9.24 and a 200-day simple moving average of $29.79. Sintx Technologies has a fifty-two week low of $4.12 and a fifty-two week high of $364.00.

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

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.