Solid Power, Inc. (NASDAQ:SLDPW) Short Interest Up 2,363.2% in January

Solid Power, Inc. (NASDAQ:SLDPW) was the recipient of a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 6,084 shares, a growth of 2,363.2% from the January 15th total of 247 shares. Based on an average trading volume of 73,609 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 73,609 shares, the days-to-cover ratio is currently 0.1 days.

Solid Power Trading Down 20.0%

Shares of NASDAQ:SLDPW opened at $0.40 on Wednesday. Solid Power has a 12 month low of $0.08 and a 12 month high of $2.33. The firm’s 50-day moving average is $0.84 and its 200 day moving average is $0.85.

About Solid Power

Solid Power, Inc (NASDAQ: SLDPW) is a developer and manufacturer of all-solid-state rechargeable battery cells, targeting applications in electric vehicles, aerospace, and defense markets. The company’s core technology centers on high-energy-density sulfide-based solid electrolytes, which replace the liquid electrolytes found in conventional lithium-ion batteries. By leveraging solid electrolytes, Solid Power aims to enhance safety, prolong cycle life, and increase energy density, addressing key challenges in next-generation battery systems.

Solid Power’s product portfolio includes prototype and pre-commercial solid‐state cells designed for automotive use, with anticipated energy densities exceeding those of current lithium-ion offerings.