Sintx Technologies, Inc. (NASDAQ:SINT) Shares Shorted: Short Interest Down 42.2% in September

by · The Cerbat Gem

Sintx Technologies, Inc. (NASDAQ:SINT – Get Free Report) saw a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 96,852 shares, a drop of 42.2% from the August 31st total of 167,475 shares. Approximately 2.3% of the company’s stock are short sold. Based on an average daily trading volume, of 23,670 shares, the days-to-cover ratio is presently 4.1 days.

Wall Street Analysts Forecast Growth

Several research firms have commented on SINT. Maxim Group reissued a “buy” rating and set a $6.00 price target on shares of Sintx Technologies in a research report on Thursday, June 4th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Sintx Technologies in a research report on Friday, July 17th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Sintx Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $9.33.

Get Our Latest Analysis on Sintx Technologies

Sintx Technologies Price Performance

NASDAQ:SINT traded up $0.20 during trading hours on Wednesday, reaching $2.23. The company had a trading volume of 79,270 shares, compared to its average volume of 62,064. The firm has a market cap of $9.63 million and a PE ratio of -0.45. Sintx Technologies has a 1-year low of $1.40 and a 1-year high of $4.64. The business’s 50 day moving average price is $1.66 and its 200-day moving average price is $2.05.

Sintx Technologies (NASDAQ:SINT – Get Free Report) last announced its quarterly earnings results on Tuesday, August 11th. The company reported ($0.75) earnings per share for the quarter, missing the consensus estimate of ($0.73) by ($0.02). The firm had revenue of $0.45 million for the quarter, compared to analyst estimates of $0.46 million. Sintx Technologies had a negative net margin of 848.20% and a negative return on equity of 354.44%. On average, analysts expect that Sintx Technologies will post -1.67 earnings per share for the current fiscal year.

Sintx Technologies Company Profile

(Get Free Report)

SINTX Technologies, Inc is an advanced materials company that develops and manufactures silicon nitride-based ceramics. Its technology is designed to provide properties such as high strength, wear resistance, biocompatibility and antimicrobial performance, supporting applications in healthcare and other demanding industries.

The company’s medical activities have focused on ceramic components and implantable products for orthopedic and spinal procedures, including technologies used in spinal fusion and other reconstructive applications.

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