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

Solidion Technology Inc. (NASDAQ:STI) saw a significant decline in short interest during the month of April. As of April 15th, there was short interest totaling 114,063 shares, a decline of 54.0% from the March 31st total of 247,857 shares. Based on an average trading volume of 51,986 shares, the days-to-cover ratio is currently 2.2 days. Approximately 1.5% of the company’s stock are sold short.

Solidion Technology Price Performance

Shares of Solidion Technology stock opened at $4.08 on Monday. Solidion Technology has a 52-week low of $2.94 and a 52-week high of $33.99. The company has a 50 day moving average of $5.15 and a 200 day moving average of $8.06. The company has a market capitalization of $30.48 million, a P/E ratio of -0.44 and a beta of 0.50.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of Solidion Technology from a “strong sell” rating to a “sell” rating in a research note on Sunday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Solidion Technology has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in STI. Russell Investments Group Ltd. purchased a new position in Solidion Technology in the second quarter worth approximately $34,000. Jane Street Group LLC acquired a new stake in Solidion Technology during the second quarter worth approximately $49,000. Geode Capital Management LLC raised its holdings in Solidion Technology by 68.9% during the fourth quarter. Geode Capital Management LLC now owns 22,963 shares of the company’s stock worth $163,000 after purchasing an additional 9,370 shares in the last quarter. Finally, Anson Funds Management LP acquired a new stake in Solidion Technology during the fourth quarter worth approximately $1,704,000.

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.