Short Interest in Sintx Technologies, Inc. (NASDAQ:SINT) Expands By 217.8%

Sintx Technologies, Inc. (NASDAQ:SINT) was the recipient of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 277,800 shares, agrowthof217.8% from the June 30th total of 87,400 shares. Currently,13.9% of the shares of the company are short sold. Based on an average daily trading volume, of 203,400 shares, the short-interest ratio is presently 1.4 days. Based on an average daily trading volume, of 203,400 shares, the short-interest ratio is presently 1.4 days. Currently,13.9% of the shares of the company are short sold.

Analyst Ratings Changes

Separately, Ascendiant Capital Markets decreased their target price on Sintx Technologies from $30.00 to $28.00 and set a “buy” rating on the stock in a research report on Friday, May 30th.

Sintx Technologies Stock Down 0.7%

NASDAQ SINT opened at $2.65 on Wednesday. Sintx Technologies has a twelve month low of $1.71 and a twelve month high of $8.60. The company has a market cap of $7.31 million, a price-to-earnings ratio of -0.05 and a beta of 0.65. The business’s fifty day moving average is $2.97 and its 200 day moving average is $2.95.

Sintx Technologies (NASDAQ:SINT) last announced its earnings results on Thursday, May 15th. The company reported ($1.29) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.71) by ($0.58). The company had revenue of $0.37 million for the quarter, compared to the consensus estimate of $0.73 million. Sintx Technologies had a negative return on equity of 203.66% and a negative net margin of 483.85%.

Insider Transactions at Sintx Technologies

In other Sintx Technologies news, Director Mark Lewis Anderson acquired 10,000 shares of the company’s stock in a transaction on Wednesday, June 18th. The shares were purchased at an average price of $3.30 per share, for a total transaction of $33,000.00. Following the completion of the purchase, the director directly owned 15,000 shares of the company’s stock, valued at approximately $49,500. This represents a 200.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.08% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Renaissance Technologies LLC bought a new position in shares of Sintx Technologies in the 4th quarter worth about $77,000. Heights Capital Management Inc. bought a new position in shares of Sintx Technologies in the 1st quarter worth about $162,000. Finally, Veracity Capital LLC bought a new position in shares of Sintx Technologies in the 2nd quarter worth about $233,000. 18.38% of the stock is owned by institutional investors.

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.