Short Interest in Soluna Holdings, Inc. (NASDAQ:SLNHP) Expands By 102.1%

Soluna Holdings, Inc. (NASDAQ:SLNHP) saw a significant growth in short interest in December. As of December 31st, there was short interest totaling 6,306 shares, a growth of 102.1% from the December 15th total of 3,120 shares. Based on an average daily volume of 63,978 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 63,978 shares, the days-to-cover ratio is currently 0.1 days.

Soluna Trading Down 4.7%

Shares of Soluna stock opened at $10.46 on Friday. Soluna has a 1 year low of $1.76 and a 1 year high of $12.50. The company has a 50 day simple moving average of $9.25 and a two-hundred day simple moving average of $7.01.

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.