Short Interest in Soluna Holdings, Inc. (NASDAQ:SLNHP) Drops By 79.4%

Soluna Holdings, Inc. (NASDAQ:SLNHPGet Rating) saw a significant decline in short interest during the month of May. As of May 15th, there was short interest totalling 1,300 shares, a decline of 79.4% from the April 30th total of 6,300 shares. Based on an average daily trading volume, of 17,500 shares, the days-to-cover ratio is presently 0.1 days.

Shares of SLNHP stock traded down $0.18 during trading hours on Wednesday, reaching $16.20. 3,773 shares of the company’s stock were exchanged, compared to its average volume of 19,353. Soluna has a fifty-two week low of $16.00 and a fifty-two week high of $25.48.

The firm also recently declared a monthly dividend, which will be paid on Tuesday, May 31st. Stockholders of record on Thursday, May 19th will be issued a dividend of $0.1875 per share. The ex-dividend date is Wednesday, May 18th. This represents a $2.25 dividend on an annualized basis and a dividend yield of 13.89%.

About Soluna (Get Rating)

Soluna Holdings, Inc builds and develops modular data centers for cryptocurrency mining. It also designs, manufactures, and sells vibration measurement and system balancing solutions, precision linear displacement sensors, instruments and system solutions, and wafer inspection tools, as well as operates in the blockchain business.

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