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

Sharps Technology, Inc. (NASDAQ:STSSGet Free Report) saw a large increase in short interest in May. As of May 31st, there was short interest totalling 5,920,000 shares, an increase of 7,049.8% from the May 15th total of 82,800 shares. Based on an average daily trading volume, of 8,510,000 shares, the short-interest ratio is currently 0.7 days. Approximately 28.0% of the company’s stock are sold short.

Sharps Technology Trading Down 4.2 %

NASDAQ:STSS traded down $0.01 during trading hours on Friday, reaching $0.34. 4,263,909 shares of the company traded hands, compared to its average volume of 5,806,452. The business’s 50-day moving average price is $0.29 and its two-hundred day moving average price is $0.34. The stock has a market capitalization of $5.38 million, a P/E ratio of -0.57 and a beta of 1.36. Sharps Technology has a 1 year low of $0.17 and a 1 year high of $0.94.

Sharps Technology (NASDAQ:STSSGet Free Report) last released its quarterly earnings data on Tuesday, May 14th. The company reported ($0.05) earnings per share for the quarter.

Sharps Technology Company Profile

(Get Free Report)

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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