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

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

Analysts Set New Price Targets

Several research firms have recently issued reports on SINT. Maxim Group restated a “buy” rating and set a $6.00 target price on shares of Sintx Technologies in a research report on Thursday, June 4th. Weiss Ratings reissued a “sell (e+)” rating on shares of Sintx Technologies in a research note on Friday, July 17th. Finally, Ascendiant Capital Markets boosted their price objective on shares of Sintx Technologies from $12.00 to $12.50 and gave the company a “buy” rating in a report on Thursday. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, Sintx Technologies has a consensus rating of “Moderate Buy” and an average target price of $9.50.

Sintx Technologies Stock Up 0.4%

Shares of SINT traded up $0.01 on Friday, hitting $2.14. The company’s stock had a trading volume of 60,754 shares, compared to its average volume of 65,288. The firm’s fifty day moving average price is $1.69 and its 200-day moving average price is $2.04. Sintx Technologies has a fifty-two week low of $1.40 and a fifty-two week high of $4.64. The firm has a market capitalization of $9.24 million and a price-to-earnings ratio of -0.43.

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

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.