Sintx Technologies, Inc. (NASDAQ:SINT) Short Interest Update

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

Sintx Technologies Stock Up 9.9%

NASDAQ SINT traded up $0.20 during trading hours on Wednesday, hitting $2.23. 79,270 shares of the company were exchanged, compared to its average volume of 62,064. The firm has a market cap of $9.63 million and a price-to-earnings ratio of -0.45. The company has a 50 day moving average of $1.66 and a two-hundred day moving average of $2.05. Sintx Technologies has a 52-week low of $1.40 and a 52-week high of $4.64.

Sintx Technologies (NASDAQ:SINT) last announced its quarterly earnings data on Tuesday, August 11th. The company reported ($0.75) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.73) by ($0.02). Sintx Technologies had a negative net margin of 848.20% and a negative return on equity of 354.44%. The company had revenue of $0.45 million during the quarter, compared to analysts’ expectations of $0.46 million. On average, equities research analysts predict that Sintx Technologies will post -1.67 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. 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 note on Friday, July 17th. Three research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $9.33.

Sintx Technologies Company Profile

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.