Sharps Technology, Inc. (NASDAQ:STSS – Get Rating) was the target of a large increase in short interest in January. As of January 15th, there was short interest totalling 136,500 shares, an increase of 78.4% from the December 31st total of 76,500 shares. Currently, 2.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 85,100 shares, the days-to-cover ratio is currently 1.6 days.

Sharps Technology Trading Down 2.2 %

STSS traded down $0.03 during trading on Friday, reaching $1.36. 91,715 shares of the company traded hands, compared to its average volume of 181,918. Sharps Technology has a 12-month low of $0.82 and a 12-month high of $3.62. The firm has a fifty day simple moving average of $1.32 and a 200 day simple moving average of $1.23.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Sharps Technology stock. Renaissance Technologies LLC bought a new stake in shares of Sharps Technology, Inc. (NASDAQ:STSS – Get Rating) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 42,684 shares of the company's stock, valued at approximately $49,000. Renaissance Technologies LLC owned about 0.46% of Sharps Technology as of its most recent filing with the Securities and Exchange Commission. 2.71% of the stock is currently owned by hedge funds and other institutional investors.

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. The company was incorporated in 2017 and is based in Melville, New York.

Further Reading

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