SINTX Technologies Inc (NASDAQ:SINT) shares surged 91.5% to $5.40 Monday after receiving a Notice of Allowance from the U.S. Patent and Trademark Office for its patent on zirconia-toughened alumina surface functionalization methods.
The patent covers methods for bonding bioactive silicon nitride, or a mixture of silicon nitride and bioactive glass, to zirconia-toughened alumina (ZTA) surfaces.
The aim of this technology is to integrate silicon nitride's properties, such as enhanced osseointegration and bacterial resistance, into the typically inert ZTA substrates, which are used in medical device manufacturing.
Eric K. Olson, President and CEO of SINTX, stated that the patent allowance represents progress in the company's intellectual property portfolio and supports its efforts to develop new biomaterials for medical applications.
SINTX says the company is currently the only FDA-registered producer of implantable silicon nitride and has recently introduced a particulate form of the material that can be used in composites and coatings.
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How To Buy SINT Stock
By now you're likely curious about how to participate in the market for SINTX Techs – be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy 'fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, or Amazon.com, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.
In the the case of SINTX Techs, which is trading at $5.95 as of publishing time, $100 would buy you 16.81 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to 'go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.
According to data from Benzinga Pro, SINT has a 52-week high of $212.00 and a 52-week low of $2.75.