Solidion Technology Inc. (NASDAQ:STI) Short Interest Down 40.2% in December

Solidion Technology Inc. (NASDAQ:STI) was the target of a significant decline in short interest in the month of December. As of December 15th, there was short interest totaling 82,165 shares, a decline of 40.2% from the November 30th total of 137,324 shares. Currently, 1.1% of the shares of the company are sold short. Based on an average trading volume of 51,429 shares, the short-interest ratio is currently 1.6 days. Based on an average trading volume of 51,429 shares, the short-interest ratio is currently 1.6 days. Currently, 1.1% of the shares of the company are sold short.

Hedge Funds Weigh In On Solidion Technology

An institutional investor recently bought a new position in Solidion Technology stock. Russell Investments Group Ltd. acquired a new stake in shares of Solidion Technology Inc. (NASDAQ:STI) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 8,629 shares of the company’s stock, valued at approximately $34,000. Russell Investments Group Ltd. owned approximately 0.32% of Solidion Technology at the end of the most recent quarter.

Solidion Technology Price Performance

Shares of NASDAQ:STI opened at $6.31 on Monday. The firm has a fifty day moving average price of $9.90 and a two-hundred day moving average price of $6.85. The company has a market cap of $47.14 million, a price-to-earnings ratio of -1.95 and a beta of 0.64. Solidion Technology has a one year low of $2.94 and a one year high of $55.00.

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

Wall Street Analyst Weigh In

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