Sintx Technologies, Inc. (NASDAQ:SINT) Short Interest Down 36.2% in June

Sintx Technologies, Inc. (NASDAQ:SINT) saw a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 124,886 shares, a decrease of 36.2% from the May 31st total of 195,626 shares. Approximately 3.0% of the shares of the stock are sold short. Based on an average daily volume of 100,500 shares, the days-to-cover ratio is presently 1.2 days.

Wall Street Analysts Forecast Growth

Several analysts have commented on SINT shares. Ascendiant Capital Markets dropped their price objective on Sintx Technologies from $16.00 to $12.00 and set a “buy” rating on the stock in a report on Wednesday, April 8th. HC Wainwright reaffirmed a “buy” rating and set a $10.00 target price on shares of Sintx Technologies in a research note on Wednesday, May 20th. Maxim Group reiterated a “buy” rating and set a $6.00 target price on shares of Sintx Technologies in a research report on Thursday, June 4th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Sintx Technologies in a research note on Tuesday, April 21st. Three research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $9.33.

Sintx Technologies Price Performance

Sintx Technologies stock traded up $0.01 during midday trading on Thursday, reaching $1.89. The company had a trading volume of 10,490 shares, compared to its average volume of 42,564. The company has a market capitalization of $8.14 million, a P/E ratio of -0.37 and a beta of 0.63. Sintx Technologies has a 12-month low of $1.80 and a 12-month high of $6.78. The firm’s fifty day simple moving average is $2.21 and its 200-day simple moving average is $2.79.

Sintx Technologies (NASDAQ:SINT) last posted its quarterly earnings data on Friday, May 15th. The company reported ($0.70) EPS for the quarter, missing the consensus estimate of ($0.66) by ($0.04). Sintx Technologies had a negative return on equity of 366.49% and a negative net margin of 1,058.60%.The firm had revenue of $0.38 million for the quarter, compared to analysts’ expectations of $0.30 million. On average, analysts expect that Sintx Technologies will post -2.22 EPS for the current fiscal year.

Institutional Trading of Sintx Technologies

A hedge fund recently raised its stake in Sintx Technologies stock. Geode Capital Management LLC boosted its position in Sintx Technologies, Inc. (NASDAQ:SINT) by 53.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 26,624 shares of the company’s stock after purchasing an additional 9,265 shares during the quarter. Geode Capital Management LLC owned about 0.72% of Sintx Technologies worth $103,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 18.38% of the company’s stock.

About Sintx Technologies

Sintx Technologies, Inc (NASDAQ: SINT) is a medical materials company specializing in the development and manufacture of silicon nitride-based biomaterials for surgical and implantable medical devices. Its proprietary silicon nitride ceramic combines mechanical strength, biocompatibility and intrinsic antimicrobial properties, positioning it as an alternative to traditional metal and polymer implant materials. Sintx’s primary focus is on applications in spinal fusion, trauma fixation and dental implantology, where device performance and long-term biological response are critical.

The company’s core product offerings include silicon nitride powders for advanced implant fabrication and finished implantable components designed for interbody spinal fusion cages, spinal fixation hardware and trauma plates and screws.