Short Interest in Soluna Holdings, Inc. (NASDAQ:SLNHP) Rises By 3,294.4%

Soluna Holdings, Inc. (NASDAQ:SLNHP) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 10,285 shares, an increase of 3,294.4% from the July 15th total of 303 shares. Based on an average daily volume of 15,664 shares, the days-to-cover ratio is currently 0.7 days.

Soluna Stock Performance

Shares of NASDAQ SLNHP traded down $0.10 during trading hours on Tuesday, hitting $11.64. 1,041 shares of the company traded hands, compared to its average volume of 17,256. The company’s 50 day moving average price is $10.58 and its 200 day moving average price is $9.61. Soluna has a 12 month low of $1.76 and a 12 month high of $12.50.

About Soluna

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.