Short Interest in Solidion Technology Inc. (NASDAQ:STI) Declines By 30.7%

Solidion Technology Inc. (NASDAQ:STI) saw a significant decline in short interest in the month of March. As of March 31st, there was short interest totaling 247,857 shares, a decline of 30.7% from the March 15th total of 357,638 shares. Approximately 3.3% of the shares of the company are sold short. Based on an average daily trading volume, of 63,746 shares, the short-interest ratio is presently 3.9 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Solidion Technology in a research report on Monday, December 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of STI. Russell Investments Group Ltd. acquired a new position in Solidion Technology during the second quarter worth $34,000. Jane Street Group LLC acquired a new position in Solidion Technology during the second quarter worth $49,000. Geode Capital Management LLC grew 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 acquiring an additional 9,370 shares during the period. Finally, Anson Funds Management LP acquired a new position in Solidion Technology during the fourth quarter worth $1,704,000.

Solidion Technology Stock Up 1.2%

STI traded up $0.08 during trading on Wednesday, hitting $6.94. 22,127 shares of the stock were exchanged, compared to its average volume of 95,323. The firm has a market capitalization of $51.87 million, a P/E ratio of -2.14 and a beta of 0.50. Solidion Technology has a 1-year low of $2.94 and a 1-year high of $33.99. The stock has a fifty day moving average price of $5.25 and a two-hundred day moving average price of $8.01.

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.