Sintx Technologies, Inc. (NASDAQ:SINT – Get Rating) saw a large drop in short interest during the month of May. As of May 15th, there was short interest totalling 17,600 shares, a drop of 55.0% from the April 30th total of 39,100 shares. Based on an average daily trading volume, of 587,200 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.5% of the shares of the company are sold short.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of SINT. Acadian Asset Management LLC bought a new position in Sintx Technologies during the first quarter valued at about $34,000. State Street Corp bought a new position in Sintx Technologies during the first quarter valued at about $35,000. Renaissance Technologies LLC grew its position in Sintx Technologies by 34.2% during the second quarter. Renaissance Technologies LLC now owns 92,200 shares of the company’s stock valued at $40,000 after buying an additional 23,500 shares during the period. Finally, Barclays PLC bought a new position in Sintx Technologies during the fourth quarter valued at about $130,000. Institutional investors and hedge funds own 3.08% of the company’s stock.
Sintx Technologies Trading Down 0.7 %
SINT traded down $0.01 during trading on Friday, reaching $1.38. 40,774 shares of the company’s stock were exchanged, compared to its average volume of 510,960. Sintx Technologies has a one year low of $1.31 and a one year high of $70.80. The firm has a fifty day moving average price of $1.73 and a two-hundred day moving average price of $5.45.
About Sintx Technologies
SINTX Technologies, Inc engages in the development and commercialization of silicon nitride for medical and non-medical applications. It markets spinal fusion products and develops products for use in total hip and knee joint replacements. The company was founded by Aaron A. Hofmann and Ashok C. Khandkar in 1996 and is headquartered in Salt Lake City, UT.
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