Solid Power, Inc. (NASDAQ:SLDP) Short Interest Update

Solid Power, Inc. (NASDAQ:SLDP) was the target of a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 23,150,000 shares, an increase of 55.0% from the December 15th total of 14,940,000 shares. Approximately 16.6% of the shares of the stock are sold short. Based on an average trading volume of 3,990,000 shares, the days-to-cover ratio is currently 5.8 days.

Solid Power Trading Down 1.2 %

Shares of NASDAQ SLDP traded down $0.02 during trading hours on Thursday, hitting $1.63. 2,203,992 shares of the company traded hands, compared to its average volume of 6,703,218. Solid Power has a 12 month low of $1.00 and a 12 month high of $2.70. The stock has a market capitalization of $294.04 million, a price-to-earnings ratio of -3.33 and a beta of 1.45. The company’s 50 day moving average price is $1.38 and its 200 day moving average price is $1.44.

Analyst Ratings Changes

Separately, Needham & Company LLC reiterated a “buy” rating and issued a $2.00 target price on shares of Solid Power in a research report on Wednesday.

Insider Buying and Selling at Solid Power

In related news, CTO Joshua Buettner-Garrett sold 187,500 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $1.07, for a total transaction of $200,625.00. Following the completion of the transaction, the chief technology officer now owns 869,720 shares in the company, valued at approximately $930,600.40. This represents a 17.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 562,500 shares of company stock valued at $793,125 over the last ninety days. 7.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Solid Power

Large investors have recently made changes to their positions in the company. Virtu Financial LLC bought a new position in Solid Power in the 3rd quarter valued at $195,000. Barclays PLC raised its position in shares of Solid Power by 268.4% in the 3rd quarter. Barclays PLC now owns 200,619 shares of the company’s stock worth $271,000 after acquiring an additional 146,157 shares in the last quarter. Geode Capital Management LLC raised its holdings in Solid Power by 2.7% in the third quarter. Geode Capital Management LLC now owns 3,407,015 shares of the company’s stock worth $4,600,000 after purchasing an additional 88,754 shares in the last quarter. Yaupon Capital Management LP raised its stake in shares of Solid Power by 27.5% during the 3rd quarter. Yaupon Capital Management LP now owns 2,379,462 shares of the company’s stock worth $3,212,000 after acquiring an additional 513,689 shares in the last quarter. Finally, State Street Corp lifted its holdings in shares of Solid Power by 0.7% during the 3rd quarter. State Street Corp now owns 2,962,235 shares of the company’s stock valued at $3,999,000 after purchasing an additional 19,209 shares during the last quarter. 33.66% of the stock is owned by hedge funds and other institutional investors.

Solid Power Company Profile

Solid Power, Inc develops solid state battery technologies for the electric vehicles (EV) and other markets in the United States. The company sells its sulfide-based solid electrolyte; and licenses its solid-state cell designs and manufacturing processes. It also produces and sells 0.2, 2, 20 ampere-hour (Ah), and EV cells.