Sharps Technology, Inc. (NASDAQ:STSS) Sees Large Drop in Short Interest

Sharps Technology, Inc. (NASDAQ:STSS) saw a significant decline in short interest in June. As of June 30th, there was short interest totalling 367,700 shares, a decline of 91.7% from the June 15th total of 4,440,000 shares. Currently, 1.7% of the shares of the stock are sold short. Based on an average daily volume of 11,010,000 shares, the days-to-cover ratio is currently 0.0 days.

Sharps Technology Stock Performance

Shares of NASDAQ STSS remained flat at $0.27 during midday trading on Friday. The stock had a trading volume of 1,023,210 shares, compared to its average volume of 3,339,595. Sharps Technology has a 52 week low of $0.17 and a 52 week high of $0.94. The stock has a market capitalization of $4.17 million, a P/E ratio of -0.44 and a beta of 1.24. The firm has a 50-day moving average price of $0.28 and a two-hundred day moving average price of $0.31.

Sharps Technology (NASDAQ:STSS) last issued its earnings results on Tuesday, May 14th. The company reported ($0.05) earnings per share (EPS) for the quarter.

Sharps Technology Company Profile

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.