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

Solidion Technology Inc. (NASDAQ:STI) saw a large increase in short interest in February. As of February 13th, there was short interest totaling 149,361 shares, an increase of 57.2% from the January 29th total of 95,021 shares. Currently, 2.0% of the company’s stock are short sold. Based on an average trading volume of 56,489 shares, the days-to-cover ratio is presently 2.6 days. Based on an average trading volume of 56,489 shares, the days-to-cover ratio is presently 2.6 days. Currently, 2.0% of the company’s stock are short sold.

Institutional Investors Weigh In On Solidion Technology

Institutional investors have recently made changes to their positions in the company. Russell Investments Group Ltd. bought a new stake in shares of Solidion Technology during the second quarter valued at approximately $34,000. Jane Street Group LLC bought a new position in Solidion Technology in the 2nd quarter valued at approximately $49,000. Geode Capital Management LLC lifted its position in Solidion Technology by 68.9% in the 4th quarter. Geode Capital Management LLC now owns 22,963 shares of the company’s stock valued at $163,000 after acquiring an additional 9,370 shares in the last quarter. Finally, Anson Funds Management LP purchased a new stake in Solidion Technology during the 4th quarter valued at $1,704,000.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Wall Street Zen raised shares of 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 report on Monday, December 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

Solidion Technology Price Performance

STI opened at $4.35 on Friday. Solidion Technology has a 1 year low of $2.94 and a 1 year high of $33.99. The stock has a 50-day moving average price of $6.88 and a 200-day moving average price of $7.73. The firm has a market cap of $32.49 million, a PE ratio of -1.34 and a beta of 0.70.

About Solidion Technology

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.