Stardust Power Inc. (NASDAQ:SDST) Short Interest Up 73.0% in January

Stardust Power Inc. (NASDAQ:SDST) was the target of a large increase in short interest in January. As of January 30th, there was short interest totaling 535,764 shares, an increase of 73.0% from the January 15th total of 309,730 shares. Based on an average trading volume of 1,690,339 shares, the short-interest ratio is currently 0.3 days. Approximately 12.2% of the shares of the stock are short sold. Approximately 12.2% of the shares of the stock are short sold. Based on an average trading volume of 1,690,339 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of Stardust Power

An institutional investor recently bought a new position in Stardust Power stock. Warberg Asset Management LLC purchased a new stake in Stardust Power Inc. (NASDAQ:SDST) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 179,900 shares of the company’s stock, valued at approximately $35,000. Warberg Asset Management LLC owned about 0.30% of Stardust Power as of its most recent SEC filing. 32.79% of the stock is currently owned by institutional investors.

Stardust Power Stock Down 7.0%

NASDAQ:SDST opened at $3.32 on Friday. The firm has a market cap of $32.60 million, a PE ratio of -0.84 and a beta of 0.26. Stardust Power has a 12 month low of $1.42 and a 12 month high of $9.30. The company’s 50-day moving average price is $3.67 and its two-hundred day moving average price is $3.81.

Stardust Power (NASDAQ:SDST) last announced its earnings results on Thursday, November 13th. The company reported ($0.53) EPS for the quarter, missing the consensus estimate of ($0.30) by ($0.23). On average, research analysts expect that Stardust Power will post -0.63 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Stardust Power in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $17.25.

Stardust Power Company Profile

Stardust Power Inc is a vertically-integrated lithium refinery that engages in producing battery-grade lithium. The company was founded in 2022 and is based in Greenwich, Connecticut.