Sintx Technologies (NASDAQ:SINT) Shares Up 55.9% – What’s Next?

Sintx Technologies, Inc. (NASDAQ:SINT) shares rose 55.9% during mid-day trading on Monday . The stock traded as high as $3.28 and last traded at $3.18. Approximately 51,785,164 shares changed hands during mid-day trading, an increase of 7,328% from the average daily volume of 697,142 shares. The stock had previously closed at $2.04.

Sintx Technologies Stock Up 55.9 %

The stock has a 50-day moving average price of $3.15 and a 200 day moving average price of $5.44. The firm has a market capitalization of $2.38 million, a price-to-earnings ratio of -0.06 and a beta of 1.37.

Institutional Investors Weigh In On Sintx Technologies

A hedge fund recently bought a new stake in Sintx Technologies stock. Anson Funds Management LP purchased a new stake in Sintx Technologies, Inc. (NASDAQ:SINT) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 959,297 shares of the company’s stock, valued at approximately $47,000. Anson Funds Management LP owned approximately 4.23% of Sintx Technologies as of its most recent SEC filing. Hedge funds and other institutional investors own 18.38% of the company’s stock.

About Sintx Technologies

Sintx Technologies, Inc, an advanced ceramics company, engages in the research, development, and commercialization of medical devices manufactured with silicon nitride for biomedical, technical, and antipathogenic applications in the United States. It provides solid and porous silicon nitride; silicon nitrite powder; and silicon nitride coating products, as well as silicon nitride composite materials, polyetheretherketone, and polyetherketoneketone.