Soluna Holdings, Inc. (NASDAQ:SLNHP – Get Free Report) saw a significant increase in short interest in September. As of September 15th, there was short interest totaling 9,962 shares, an increase of 1,868.8% from the August 31st total of 506 shares. Based on an average daily volume of 2,712 shares, the days-to-cover ratio is presently 3.7 days.
Soluna Price Performance
Shares of SLNHP opened at $10.35 on Friday. Soluna has a one year low of $6.30 and a one year high of $12.85. The stock’s fifty day moving average is $11.69 and its 200-day moving average is $10.30.
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.
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