Sintx Technologies, Inc. (NASDAQ:SINT) saw a significant drop in short interest in April. As of April 15th, there was short interest totalling 914,800 shares, a drop of 24.4% from the March 31st total of 1,210,000 shares. Based on an average daily trading volume, of 4,250,000 shares, the short-interest ratio is presently 0.2 days.
Shares of SINT traded up $0.09 during mid-day trading on Tuesday, reaching $1.59. 991,555 shares of the company’s stock were exchanged, compared to its average volume of 3,841,884. The company has a quick ratio of 8.79, a current ratio of 8.81 and a debt-to-equity ratio of 0.01. The company has a 50-day simple moving average of $1.75 and a two-hundred day simple moving average of $1.90. Sintx Technologies has a 52-week low of $0.60 and a 52-week high of $3.44. The company has a market cap of $39.25 million, a price-to-earnings ratio of -0.68 and a beta of 1.53.
Sintx Technologies (NASDAQ:SINT) last issued its quarterly earnings data on Sunday, March 21st. The company reported ($0.04) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.04. Sintx Technologies had a negative net margin of 862.55% and a negative return on equity of 39.83%.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp acquired a new stake in Sintx Technologies during the fourth quarter worth approximately $51,000. Renaissance Technologies LLC boosted its position in Sintx Technologies by 1,881.5% during the fourth quarter. Renaissance Technologies LLC now owns 249,673 shares of the company’s stock worth $392,000 after acquiring an additional 237,073 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in Sintx Technologies by 497.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 90,200 shares of the company’s stock worth $142,000 after acquiring an additional 75,100 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in Sintx Technologies during the third quarter worth approximately $61,000. Hedge funds and other institutional investors own 1.36% of the company’s stock.
About Sintx Technologies
Sintx Technologies, Inc, an advanced materials company, researches, develops, manufactures, and commercializes silicon nitride ceramics in the United States, Europe, and South America. It offers ceramic based solutions for various medical, industrial, and antipathogenic applications. The company provides solid and porous silicon nitride; silicon nitrite powder; and silicon nitride coating products.
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