Solidion Technology Inc. (NASDAQ:STI) Short Interest Down 19.0% in January

Solidion Technology Inc. (NASDAQ:STI) was the recipient of a large decrease in short interest in the month of January. As of January 30th, there was short interest totaling 95,021 shares, a decrease of 19.0% from the January 15th total of 117,336 shares. Based on an average daily trading volume, of 70,450 shares, the short-interest ratio is currently 1.3 days. Currently, 1.3% of the company’s stock are short sold. Currently, 1.3% of the company’s stock are short sold. Based on an average daily trading volume, of 70,450 shares, the short-interest ratio is currently 1.3 days.

Wall Street Analysts Forecast Growth

STI has been the topic of a number of recent research reports. Wall Street Zen raised Solidion Technology from a “sell” rating to a “hold” rating in a research report on Saturday, November 22nd. Weiss Ratings restated 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, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Solidion Technology Trading Down 9.3%

Shares of NASDAQ:STI opened at $4.77 on Friday. The company has a market cap of $35.61 million, a PE ratio of -1.47 and a beta of 0.70. The company’s 50 day moving average is $7.52 and its two-hundred day moving average is $7.70. Solidion Technology has a 52 week low of $2.94 and a 52 week high of $33.99.

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

Institutional Investors Weigh In On Solidion Technology

Hedge funds and other institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC increased its stake in Solidion Technology by 68.9% in the fourth 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 purchased a new position in shares of Solidion Technology during the second quarter worth about $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.

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.