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

Solidion Technology Inc. (NASDAQ:STI) was the target of a significant growth in short interest in February. As of February 27th, there was short interest totaling 358,214 shares, a growth of 139.8% from the February 12th total of 149,361 shares. Based on an average daily volume of 141,841 shares, the short-interest ratio is presently 2.5 days. Approximately 4.8% of the shares of the company are sold short. Approximately 4.8% of the shares of the company are sold short. Based on an average daily volume of 141,841 shares, the short-interest ratio is presently 2.5 days.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on STI. Wall Street Zen raised Solidion Technology from a “sell” rating to a “hold” rating in a research report 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 investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Solidion Technology Stock Performance

NASDAQ STI opened at $4.03 on Thursday. The firm’s fifty day moving average is $6.39 and its two-hundred day moving average is $7.78. Solidion Technology has a one year low of $2.94 and a one year high of $33.99. The firm has a market cap of $30.08 million, a PE ratio of -1.24 and a beta of 0.81.

Hedge Funds Weigh In On Solidion Technology

Several institutional investors have recently added to or reduced their stakes in the stock. Anson Funds Management LP purchased a new stake in Solidion Technology during the 4th quarter valued at approximately $1,704,000. Geode Capital Management LLC grew its stake in shares of 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 purchasing an additional 9,370 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Solidion Technology in the second quarter valued at approximately $49,000. Finally, Russell Investments Group Ltd. acquired a new position in shares of Solidion Technology in the second quarter valued at approximately $34,000.

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.