Short Interest in Solidion Technology Inc. (NASDAQ:STI) Expands By 275.7%

Solidion Technology Inc. (NASDAQ:STI) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 207,400 shares, a growth of 275.7% from the August 31st total of 55,200 shares. Based on an average daily trading volume, of 1,540,000 shares, the days-to-cover ratio is currently 0.1 days. Currently, 14.1% of the shares of the company are sold short. Currently, 14.1% of the shares of the company are sold short. Based on an average daily trading volume, of 1,540,000 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On Solidion Technology

A hedge fund recently bought a new stake in Solidion Technology stock. Russell Investments Group Ltd. bought a new stake in shares of Solidion Technology Inc. (NASDAQ:STI) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 8,629 shares of the company’s stock, valued at approximately $34,000. Russell Investments Group Ltd. owned about 0.32% of Solidion Technology at the end of the most recent reporting period.

Analyst Ratings Changes

A number of analysts have recently weighed in on STI shares. Weiss Ratings restated a “sell (e+)” rating on shares of Solidion Technology in a research note on Saturday, September 27th. Wall Street Zen cut shares of Solidion Technology from a “hold” rating to a “sell” rating in a research note on Friday, August 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Solidion Technology Trading Down 0.4%

NASDAQ:STI opened at $4.84 on Friday. The firm has a market cap of $13.43 million, a PE ratio of -0.89 and a beta of 0.43. Solidion Technology has a one year low of $2.94 and a one year high of $55.00. The firm’s fifty day moving average is $4.15.

Solidion Technology (NASDAQ:STI) last released its earnings results on Tuesday, August 19th. The company reported $0.05 EPS for the quarter.

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.