Major Investor Shakes Up Sharps Technology With Notable Stock Sale

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2026.01.16 02:02
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Significant shareholder Saba Capital Management, L.P. has sold 107,465 shares of Sharps Technology, Inc. (STSS), valued at $240,009, indicating a notable reduction in holdings. Additionally, independent director Annemarie Tierney resigned from the board due to concerns over conflicts of interest related to Sol Edge Limited and Sol Markets, which may impact the company's governance and digital asset strategy. The stock currently has a sell-leaning sentiment and a market cap of approximately $63.21M, influenced by these governance issues rather than operational news.