Soluna Holdings, Inc. (NASDAQ:SLNHP) Short Interest Update

Soluna Holdings, Inc. (NASDAQ:SLNHP) was the target of a significant drop in short interest in March. As of March 31st, there was short interest totaling 2,390 shares, a drop of 41.0% from the March 15th total of 4,049 shares. Based on an average daily trading volume, of 17,357 shares, the days-to-cover ratio is currently 0.1 days.

Soluna Trading Down 1.5%

Soluna stock traded down $0.14 during midday trading on Wednesday, reaching $8.84. 7,864 shares of the company were exchanged, compared to its average volume of 21,107. The firm’s 50-day simple moving average is $8.64 and its 200-day simple moving average is $9.20. Soluna has a 1 year low of $1.76 and a 1 year 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.