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

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

Wall Street Analyst Weigh In

SINT has been the topic of several recent analyst reports. HC Wainwright reiterated a “buy” rating and set a $10.00 target price on shares of Sintx Technologies in a research report on Wednesday, May 20th. Maxim Group restated a “buy” rating and issued a $6.00 price target on shares of Sintx Technologies in a report on Thursday, June 4th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Sintx Technologies in a research note on Tuesday, April 21st. Finally, Ascendiant Capital Markets cut their price objective on shares of Sintx Technologies from $16.00 to $12.00 and set a “buy” rating on the stock in a report on Wednesday, April 8th. Three research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, Sintx Technologies presently has an average rating of “Moderate Buy” and an average target price of $9.33.

Sintx Technologies Stock Up 1.6%

SINT stock opened at $1.90 on Friday. The company has a market cap of $8.21 million, a price-to-earnings ratio of -0.37 and a beta of 0.63. The business has a fifty day simple moving average of $2.20 and a 200-day simple moving average of $2.78. Sintx Technologies has a 52 week low of $1.80 and a 52 week high of $6.78.

Sintx Technologies (NASDAQ:SINT) last issued its earnings results on Friday, May 15th. The company reported ($0.70) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.66) by ($0.04). Sintx Technologies had a negative net margin of 1,058.60% and a negative return on equity of 366.49%. The firm had revenue of $0.38 million during the quarter, compared to analyst estimates of $0.30 million. As a group, analysts expect that Sintx Technologies will post -2.22 earnings per share for the current fiscal year.

Institutional Trading of Sintx Technologies

An institutional investor recently raised its position in Sintx Technologies stock. Geode Capital Management LLC boosted its holdings in Sintx Technologies, Inc. (NASDAQ:SINT) by 53.4% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 26,624 shares of the company’s stock after buying an additional 9,265 shares during the period. Geode Capital Management LLC owned approximately 0.72% of Sintx Technologies worth $103,000 at the end of the most recent reporting period. 18.38% of the stock is currently owned by institutional investors and hedge funds.

Sintx Technologies Company Profile

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.