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

Soluna Holdings, Inc. (NASDAQ:SLNHP) saw a large decrease in short interest during the month of January. As of January 30th, there was short interest totaling 3,354 shares, a decrease of 64.6% from the January 15th total of 9,484 shares. Based on an average daily volume of 19,069 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 19,069 shares, the days-to-cover ratio is currently 0.2 days.

Soluna Trading Down 1.6%

Shares of NASDAQ:SLNHP opened at $8.78 on Wednesday. Soluna has a 1 year low of $1.76 and a 1 year high of $12.50. The firm has a fifty day moving average price of $9.65 and a 200 day moving average price of $7.74.

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.