Are Shorts On Sintx Technologies, Inc. (SINT)’s Side?

The number of Sintx Technologies, Inc. (NASDAQ:SINT) shares shorted has fallen by 9,585 shares. When looking at a stock for a potential investment, you want to know what percentage of Wall Street is betting against you. That’s what short interest tells you. The most recent short interest data has been released for the January 31st settlement date, which shows a decrease in total short interest for SINT, to 386,276, a retreat of 2.42% since January 15th. Average daily volume for Sintx Technologies, Inc. at the January 31st settlement plunged to 134,767, as compared to 240,346 at the January 15th report. That brought days to cover to 2.866251, a 74.02% increase from the 1.647046 days to cover recorded at the prior short interest data release. Looking at the experts’ opinion for the SINT stock we see that the average analyst recommendations at 0 suggests selling these shares.

The stock is currently hovering around the first support level of $0.27. Below this, the next support is placed in the zone of $0.24. Till the time, the SINT stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 72.13 on daily chart, which may remain a cause for concern. If the price breaks below $0.24 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $0.32 mark may result into a pull-back move towards $0.34 level.

On 13th of February, Sintx Technologies, Inc. (NASDAQ:SINT) shares ended higher after a volatile session. The shares accumulated 0.04 points or 15.43 percent at $0.3 with a light trade volume of 1.807 million shares. After opening the session at $0.255, the shares went as high as $0.305 and as low as $0.255, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $6.71 million and now has 22.37 million shares outstanding. Sintx Technologies, Inc. (SINT) stock has gained 39.6 percent of market value in 21 trading days.

SINT stock has a trailing 3-year beta of -0.32, offering the possibility of a lower rate of return, but also posing less risk. The portion of a company’s profit allocated to each outstanding share of common stock was -$3.75 a share in the trailing twelve months. The stock’s value has surged 66.67 percent year to date (YTD) against a decline of -88.59 percent in 12 month’s time. The company’s shares still trade -92.72 percent away from its 1-year high of $4.12 and 87.5 percent up from 52-week low of $0.16. The average consensus rating on the company is 0, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a buy.

Shares of Sintx Technologies, Inc. (SINT) are trading at a P/E ratio of 0 times earnings reported for the past 12 months. The industry SINT operates in has an average P/E of 32.9. Its P/E ratio went as low as 0X and as high as 0 over the 5-year span. Further, it is sporting a 2.8 on the Price-to-Sales ratio. Compare this with the industry average P/S of 6.24. -46.3 percent is the gross profit margin for Sintx Technologies, Inc. and operating margin sits at 0 percent. Along with this, the net profit margin is 0 percent.

Let’s take a look at some insider activity at Sintx Technologies, Inc. (NASDAQ:SINT) and see the pattern. The earliest insider trade took place on 09/10/2015. Lombardi Ty gathered a total of 1.67 thousand shares of company at average share price of $6. The total for the purchase was set at $10 thousand. After this transaction, the VP Finance account balance stood at 3.47 thousand shares. The stock lost -95 percent since that insider purchase. On 12/11/2014, Truetzel David W., Director, sold 1 thousand shares at a price per share of $10.2. This removed 10.2 thousand shares from the insider’s fortune and the stock saw a -97.06 percent retreat in value since the news became public. This transaction left 6.45 thousand shares in the Director account.

On 12/08/2014, Director White Jeffrey S. performed a purchase transaction worth $5.95 thousand. This purchase at $9.3 each has added 0.64 thousand shares into the insider’s portfolio position. Meanwhile, shares have recorded -96.77 percent decrease since the transaction was reported. The insider now is left with 0.64 thousand shares remaining in the account. Truetzel David W., who performs the Director job, bought 5.33 thousand shares for $90.39 thousand. The acquisition occurred on 11/21/2014 was priced at $16.95 per share. The share price plunged -98.23 percent since the reporting date. Truetzel David W. now left with a stake of 7.45 thousand SINT stock worth $2.23 thousand after the insider buying.