Sintx Technologies, Inc. (NASDAQ:SINT) Shares Shorted: Short Interest Down 42.2% in September

Sintx Technologies, Inc. (NASDAQ:SINT) was the recipient of a large decline in short interest in the month of 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. Based on an average trading volume of 23,670 shares, the short-interest ratio is presently 4.1 days. Currently, 2.3% of the shares of the company are short sold.

Analysts Set New Price Targets

A number of brokerages recently commented on SINT. Ascendiant Capital Markets raised their target price on Sintx Technologies from $12.00 to $12.50 and gave the stock a “buy” rating in a report on Thursday. Weiss Ratings reissued a “sell (e+)” rating on shares of Sintx Technologies in a report on Friday, July 17th. Finally, Maxim Group reissued a “buy” rating and set a $6.00 price target on shares of Sintx Technologies in a report on Thursday, June 4th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $9.50.

Sintx Technologies Stock Performance

Shares of SINT traded down $0.10 during mid-day trading on Thursday, reaching $2.13. The stock had a trading volume of 675,978 shares, compared to its average volume of 65,327. The firm has a market cap of $9.20 million and a price-to-earnings ratio of -0.43. Sintx Technologies has a 12 month low of $1.40 and a 12 month high of $4.64. The business has a fifty day moving average of $1.67 and a 200 day moving average of $2.04.

Sintx Technologies (NASDAQ:SINT) last announced 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). Sintx Technologies had a negative net margin of 848.20% and a negative return on equity of 354.44%. The firm had revenue of $0.45 million for the quarter, compared to the consensus estimate of $0.46 million. On average, research analysts forecast that Sintx Technologies will post -1.67 EPS 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.