Solidion Technology Inc. (NASDAQ:STI) Short Interest Update

Solidion Technology Inc. (NASDAQ:STI) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 108,266 shares, a growth of 31.8% from the December 15th total of 82,165 shares. Based on an average daily trading volume, of 78,661 shares, the days-to-cover ratio is currently 1.4 days. Currently, 1.5% of the shares of the company are sold short. Currently, 1.5% of the shares of the company are sold short. Based on an average daily trading volume, of 78,661 shares, the days-to-cover ratio is currently 1.4 days.

Solidion Technology Trading Down 5.3%

Shares of NASDAQ:STI opened at $8.32 on Friday. The company has a 50 day moving average of $8.68 and a 200 day moving average of $7.30. The stock has a market cap of $62.11 million, a P/E ratio of -2.57 and a beta of 0.70. Solidion Technology has a 12 month low of $2.94 and a 12 month high of $33.99.

Solidion Technology (NASDAQ:STI) last released its quarterly earnings results on Thursday, November 20th. The company reported ($1.33) EPS for the quarter. The firm had revenue of $0.01 million for the quarter.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on STI shares. Wall Street Zen upgraded Solidion Technology from a “sell” rating to a “hold” rating in a research note on Saturday, November 22nd. Weiss Ratings reiterated a “sell (e+)” rating on shares of Solidion Technology in a research note on Monday, December 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Institutional Trading of Solidion Technology

A hedge fund recently bought a new stake in Solidion Technology stock. Jane Street Group LLC bought a new stake in shares of Solidion Technology Inc. (NASDAQ:STI) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 12,445 shares of the company’s stock, valued at approximately $49,000. Jane Street Group LLC owned about 0.46% of Solidion Technology at the end of the most recent reporting period.

Solidion Technology Company Profile

Solidion Technology Inc engages in the development and supply of battery materials, components, cells, and selected module/pack technologies. Its products include advanced anode materials; three classes of solid-state batteries, including silicon-rich all-solid-state lithium-ion cells; anode less lithium metal cells; and lithium-sulfur cells. The company was formerly known as Honeycomb Battery Company and changed its name to Solidion Technology Inc in February 2024. The company was incorporated in 2014 and is based in Dayton, Ohio.