Soluna Holdings, Inc. (NASDAQ:SLNHP) Sees Large Growth in Short Interest

Soluna Holdings, Inc. (NASDAQ:SLNHP) was the recipient of a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 7,276 shares, a growth of 153.0% from the February 12th total of 2,876 shares. Based on an average daily volume of 6,082 shares, the days-to-cover ratio is currently 1.2 days. Based on an average daily volume of 6,082 shares, the days-to-cover ratio is currently 1.2 days.

Soluna Trading Down 4.7%

Shares of Soluna stock opened at $8.96 on Thursday. Soluna has a 12-month low of $1.76 and a 12-month high of $12.50. The business’s 50 day moving average is $9.60 and its 200-day moving average is $8.51.

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.