Sintx Technologies, Inc. (NASDAQ:SINT) Sees Significant Growth in Short Interest

Sintx Technologies, Inc. (NASDAQ:SINT) was the recipient of a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 120,400 shares, an increase of 502.0% from the February 13th total of 20,000 shares. Approximately 9.0% of the shares of the stock are short sold. Based on an average trading volume of 1,310,000 shares, the short-interest ratio is presently 0.1 days.

Sintx Technologies Price Performance

Shares of NASDAQ:SINT traded down $0.05 during trading on Wednesday, hitting $3.22. 80,606 shares of the company’s stock were exchanged, compared to its average volume of 989,786. The business’s 50-day simple moving average is $3.47 and its 200 day simple moving average is $3.43. The company has a market cap of $4.32 million, a price-to-earnings ratio of -0.06 and a beta of 1.20. Sintx Technologies has a 52-week low of $2.01 and a 52-week high of $45.60.

Institutional Investors Weigh In On Sintx Technologies

A hedge fund recently bought a new stake in Sintx Technologies stock. Renaissance Technologies LLC bought a new stake in shares of Sintx Technologies, Inc. (NASDAQ:SINT) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 21,900 shares of the company’s stock, valued at approximately $77,000. Renaissance Technologies LLC owned approximately 1.63% of Sintx Technologies as of its most recent filing with the Securities & Exchange Commission. 18.38% of the stock is owned by institutional investors and hedge funds.

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.