Soluna Holdings, Inc. (NASDAQ:SLNHP) Short Interest Up 153.0% in February

Soluna Holdings, Inc. (NASDAQ:SLNHP) was the target of a significant increase in short interest in February. As of February 27th, there was short interest totaling 7,276 shares, an increase of 153.0% from the February 12th total of 2,876 shares. Based on an average trading volume of 6,082 shares, the days-to-cover ratio is presently 1.2 days. Based on an average trading volume of 6,082 shares, the days-to-cover ratio is presently 1.2 days.

Soluna Price Performance

Shares of SLNHP opened at $9.40 on Wednesday. Soluna has a one year low of $1.76 and a one year high of $12.50. The stock has a 50-day moving average price of $9.61 and a 200 day moving average price of $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.