Sharps Technology, Inc. (NASDAQ:STSS – Get Free Report) was the recipient of a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 76,800 shares, a decline of 32.7% from the February 29th total of 114,200 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average trading volume of 213,100 shares, the short-interest ratio is presently 0.4 days.
Hedge Funds Weigh In On Sharps Technology
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Compass Ion Advisors LLC bought a new stake in shares of Sharps Technology during the 3rd quarter valued at $32,000. Citadel Advisors LLC bought a new stake in shares of Sharps Technology during the 2nd quarter valued at $41,000. Renaissance Technologies LLC bought a new stake in shares of Sharps Technology during the 3rd quarter valued at $49,000. ORG Partners LLC bought a new stake in shares of Sharps Technology during the 3rd quarter valued at $55,000. Finally, Hudson Bay Capital Management LP bought a new stake in shares of Sharps Technology during the 1st quarter valued at $312,000. 17.17% of the stock is currently owned by institutional investors.
Sharps Technology Price Performance
STSS remained flat at $0.34 on Friday. The company had a trading volume of 70,880 shares, compared to its average volume of 205,949. Sharps Technology has a 1 year low of $0.27 and a 1 year high of $1.58. The business has a 50 day moving average of $0.33 and a two-hundred day moving average of $0.42.
About Sharps Technology
Sharps Technology, Inc, a medical device company, researches, designs, develops, manufactures, distributes, and sells safety syringe products in the United States. It offers Sharps Provensa, an ultra-low waste space syringe for the administration of various vaccines and injectable medications. Sharps Technology, Inc was incorporated in 2017 and is based in Melville, New York.
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