Short Interest in Soluna Holdings, Inc. (NASDAQ:SLNH) Rises By 34.0%

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 days-to-cover 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 days-to-cover ratio is currently 4.8 days.

Soluna Price Performance

Shares of SLNH stock opened at $0.78 on Friday. The stock’s fifty day simple moving average is $1.15 and its 200 day simple moving average is $1.67. Soluna has a one year low of $0.36 and a one year high of $5.14. The firm has a market cap of $72.48 million, a price-to-earnings ratio of -0.09 and a beta of 4.45. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.18 and a quick ratio of 1.18.

Institutional Investors Weigh In On Soluna

Several institutional investors and hedge funds have recently made changes to their positions in the company. Focus Partners Wealth bought a new stake in shares of Soluna in the 3rd quarter worth about $25,000. Scientech Research LLC bought a new position in Soluna during the 3rd quarter valued at about $31,000. Azora Capital LP acquired a new position in Soluna in the third quarter valued at about $35,000. Matauro LLC acquired a new position in Soluna in the fourth quarter valued at about $28,000. Finally, Squarepoint Ops LLC bought a new stake in Soluna during the fourth quarter worth about $30,000. Institutional investors and hedge funds own 23.19% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of Soluna in a research report on Monday, December 29th. HC Wainwright raised shares of Soluna from a “neutral” rating to a “buy” rating and set a $5.00 price target for the company in a research report on Thursday, December 11th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Soluna currently has a consensus rating of “Hold” and an average price target of $5.00.

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.