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

Solidion Technology Inc. (NASDAQ:STI) saw a significant increase in short interest in February. As of February 13th, there was short interest totaling 149,361 shares, an increase of 57.2% from the January 29th total of 95,021 shares. Approximately 2.0% of the shares of the stock are short sold. Based on an average trading volume of 56,489 shares, the short-interest ratio is currently 2.6 days. Based on an average trading volume of 56,489 shares, the short-interest ratio is currently 2.6 days. Approximately 2.0% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

STI has been the topic of several recent analyst reports. Wall Street Zen upgraded shares of Solidion Technology from a “sell” rating to a “hold” rating in a research note on Saturday, November 22nd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Solidion Technology in a report on Monday, December 22nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in STI. Anson Funds Management LP bought a new stake in shares of Solidion Technology during the fourth quarter valued at approximately $1,704,000. Jane Street Group LLC bought a new position in Solidion Technology in the second quarter worth $49,000. Geode Capital Management LLC lifted its position in Solidion Technology by 68.9% during the fourth quarter. Geode Capital Management LLC now owns 22,963 shares of the company’s stock valued at $163,000 after buying an additional 9,370 shares during the period. Finally, Russell Investments Group Ltd. bought a new stake in shares of Solidion Technology during the 2nd quarter valued at $34,000.

Solidion Technology Trading Down 4.4%

Shares of NASDAQ STI opened at $4.35 on Friday. Solidion Technology has a 12 month low of $2.94 and a 12 month high of $33.99. The firm has a market capitalization of $32.49 million, a price-to-earnings ratio of -1.34 and a beta of 0.70. The business has a 50-day moving average of $6.88 and a 200-day moving average of $7.73.

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.