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

Solidion Technology Inc. (NASDAQ:STI) was the target of a large decrease in short interest in December. As of December 15th, there was short interest totaling 82,165 shares, a decrease of 40.2% from the November 30th total of 137,324 shares. Currently, 1.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 51,429 shares, the short-interest ratio is currently 1.6 days. Based on an average daily trading volume, of 51,429 shares, the short-interest ratio is currently 1.6 days. Currently, 1.1% of the shares of the stock are sold short.

Solidion Technology Stock Down 7.3%

Solidion Technology stock opened at $6.31 on Friday. The business’s 50-day simple moving average is $9.90 and its 200 day simple moving average is $6.82. The stock has a market cap of $47.10 million, a price-to-earnings ratio of -1.95 and a beta of 0.64. Solidion Technology has a 12-month low of $2.94 and a 12-month high of $55.00.

Solidion Technology (NASDAQ:STI) last announced its quarterly earnings data on Thursday, November 20th. The company reported ($1.33) earnings per share for the quarter. The business had revenue of $0.01 million during the quarter.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Solidion Technology in a research report on Monday, December 22nd. Wall Street Zen raised shares of Solidion Technology from a “sell” rating to a “hold” rating in a research note on Saturday, November 22nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

Hedge Funds Weigh In On Solidion Technology

An institutional investor recently bought a new position in Solidion Technology stock. Jane Street Group LLC acquired a new stake in Solidion Technology Inc. (NASDAQ:STI) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 12,445 shares of the company’s stock, valued at approximately $49,000. Jane Street Group LLC owned about 0.46% of Solidion Technology as of its most recent filing with the Securities and Exchange Commission (SEC).

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.