Soluna Holdings, Inc. (NASDAQ:SLNH) Short Interest Up 34.0% in February

Soluna Holdings, Inc. (NASDAQ:SLNH) saw a large increase in short interest in February. As of February 27th, there was short interest totaling 12,239,903 shares, an increase of 34.0% from the February 12th total of 9,137,529 shares. Based on an average daily trading volume, of 2,525,774 shares, the short-interest ratio is currently 4.8 days. Currently, 19.9% of the shares of the stock are sold short. Currently, 19.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,525,774 shares, the short-interest ratio is currently 4.8 days.

Wall Street Analysts Forecast Growth

SLNH has been the topic of several research reports. HC Wainwright upgraded Soluna from a “neutral” rating to a “buy” rating and set a $5.00 target price on the stock in a research report on Thursday, December 11th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Soluna in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $5.00.

Soluna Stock Performance

SLNH opened at $0.79 on Tuesday. Soluna has a twelve month low of $0.36 and a twelve month high of $5.14. The firm has a market capitalization of $72.96 million, a PE ratio of -0.09 and a beta of 4.45. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.18. The firm’s 50-day moving average price is $1.13 and its 200 day moving average price is $1.68.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. SBI Securities Co. Ltd. increased its holdings in shares of Soluna by 118.8% in the second quarter. SBI Securities Co. Ltd. now owns 64,766 shares of the company’s stock valued at $37,000 after purchasing an additional 35,167 shares during the last quarter. XTX Topco Ltd boosted its stake in Soluna by 59.3% during the fourth quarter. XTX Topco Ltd now owns 128,294 shares of the company’s stock worth $150,000 after buying an additional 47,781 shares during the last quarter. OMERS ADMINISTRATION Corp purchased a new stake in Soluna in the 4th quarter valued at $81,000. Vident Advisory LLC acquired a new stake in shares of Soluna in the 4th quarter worth $67,000. Finally, Scientech Research LLC acquired a new stake in shares of Soluna in the 3rd quarter worth $31,000. 23.19% of the stock is currently owned by institutional investors and hedge funds.

Soluna Company Profile

Soluna Computing, Inc (NASDAQ: SLNH) is a renewable energy and computing company that develops, constructs and operates utility‐scale wind and solar projects designed to power high-performance computing workloads. By integrating power generation with data processing infrastructure, Soluna targets applications such as cryptocurrency mining, blockchain validation, artificial intelligence training and other cloud‐based or on-premises computing tasks that can flex to available renewable output.

The company manages the full project lifecycle—site selection, permitting, engineering, procurement, construction and operations—with a focus on regions that offer abundant wind or solar resources yet face limitations in grid infrastructure.