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

Solidion Technology Inc. (NASDAQ:STI) saw a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 243,554 shares, an increase of 113.5% from the April 15th total of 114,063 shares. Approximately 3.3% of the shares of the stock are short sold. Based on an average trading volume of 119,653 shares, the short-interest ratio is presently 2.0 days.

Hedge Funds Weigh In On Solidion Technology

A number of institutional investors have recently modified their holdings of STI. Russell Investments Group Ltd. bought a new position in Solidion Technology during the second quarter worth $34,000. Jane Street Group LLC bought a new stake in shares of Solidion Technology in the 2nd quarter worth about $49,000. Geode Capital Management LLC grew its holdings in shares of Solidion Technology by 68.9% in the 4th 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 during the last quarter. Finally, Anson Funds Management LP acquired a new position in Solidion Technology during the 4th quarter worth about $1,704,000.

Solidion Technology Trading Down 2.5%

Shares of STI traded down $0.14 during midday trading on Friday, hitting $5.55. The stock had a trading volume of 29,598 shares, compared to its average volume of 104,413. The firm has a market cap of $41.46 million, a P/E ratio of -0.60 and a beta of 0.18. The business has a 50-day simple moving average of $5.44 and a two-hundred day simple moving average of $7.13. Solidion Technology has a fifty-two week low of $2.94 and a fifty-two week high of $33.99.

Analysts Set New Price Targets

Several brokerages recently commented on STI. Weiss Ratings reissued a “sell (e+)” rating on shares of Solidion Technology in a research note on Friday, May 1st. Wall Street Zen lowered shares of Solidion Technology from a “sell” rating to a “strong sell” rating in a report on Saturday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

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.