Soluna Holdings, Inc. (NASDAQ:SLNHP) Short Interest Update

Soluna Holdings, Inc. (NASDAQ:SLNHP) was the target of a significant increase in short interest in May. As of May 15th, there was short interest totaling 6,427 shares, an increase of 785.3% from the April 30th total of 726 shares. Based on an average daily trading volume, of 13,349 shares, the days-to-cover ratio is presently 0.5 days.

Soluna Price Performance

SLNHP stock opened at $12.13 on Thursday. Soluna has a twelve month low of $1.76 and a twelve month high of $12.50. The business’s 50-day simple moving average is $8.80 and its 200 day simple moving average is $9.13.

Soluna Company Profile

Soluna Holdings, Inc is a renewable energy infrastructure and computing company focused on pairing underutilized clean power sources with high-performance computing applications. Through its proprietary modular data center technology, Soluna develops and operates facilities that can scale computing workloads for blockchain, machine learning, scientific research and other power-intensive tasks. The company’s platform is designed to balance grid stability by drawing on wind and solar resources during periods of surplus generation.

One of Soluna’s flagship initiatives is a development project near Tangier, Morocco, where the company has rights to construct and operate up to 250 megawatts of wind-powered generation capacity alongside its scalable data center modules.