Soluna Holdings, Inc. (NASDAQ:SLNHP) Short Interest Down 96.2% in July

Soluna Holdings, Inc. (NASDAQ:SLNHP) was the target of a significant decline in short interest in July. As of July 15th, there was short interest totaling 303 shares, a decline of 96.2% from the June 30th total of 7,981 shares. Based on an average daily trading volume, of 19,999 shares, the days-to-cover ratio is presently 0.0 days.

Soluna Stock Performance

Shares of NASDAQ:SLNHP traded up $0.32 during trading on Friday, reaching $10.24. The stock had a trading volume of 10,938 shares, compared to its average volume of 17,921. The business has a fifty day moving average price of $10.71 and a 200-day moving average price of $9.59. Soluna has a fifty-two week low of $1.76 and a fifty-two week high of $12.50.

About Soluna

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.