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

Sintx Technologies, Inc. (NASDAQ:SINT) was the target of a significant decrease in short interest in the month of February. As of February 15th, there was short interest totalling 20,000 shares, a decrease of 42.2% from the January 31st total of 34,600 shares. Based on an average daily volume of 1,400,000 shares, the short-interest ratio is presently 0.0 days. Currently, 1.5% of the company’s shares are sold short.

Hedge Funds Weigh In On Sintx Technologies

An institutional investor recently bought a new position in Sintx Technologies stock. Renaissance Technologies LLC purchased a new position in Sintx Technologies, Inc. (NASDAQ:SINT) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,900 shares of the company’s stock, valued at approximately $77,000. Renaissance Technologies LLC owned about 1.63% of Sintx Technologies at the end of the most recent quarter. Hedge funds and other institutional investors own 18.38% of the company’s stock.

Sintx Technologies Stock Down 19.3 %

SINT traded down $0.79 during trading on Friday, reaching $3.31. The company had a trading volume of 164,129 shares, compared to its average volume of 2,048,872. The business has a 50 day simple moving average of $3.54 and a 200-day simple moving average of $3.50. Sintx Technologies has a 52 week low of $2.01 and a 52 week high of $45.60. The stock has a market cap of $4.45 million, a P/E ratio of -0.07 and a beta of 1.51.

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.