Short Interest in Soluna Holdings, Inc. (NASDAQ:SLNHP) Rises By 102.1%

Soluna Holdings, Inc. (NASDAQ:SLNHP) was the recipient of a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 6,306 shares, an increase of 102.1% from the December 15th total of 3,120 shares. Based on an average daily volume of 63,978 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 63,978 shares, the short-interest ratio is currently 0.1 days.

Soluna Stock Performance

Shares of SLNHP opened at $10.86 on Thursday. The stock’s 50-day moving average price is $9.26 and its 200 day moving average price is $6.92. Soluna has a 12-month low of $1.76 and a 12-month high of $12.50.

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.