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

Soluna Holdings, Inc. (NASDAQ:SLNH) saw a significant growth in short interest in February. As of February 13th, there was short interest totaling 9,137,529 shares, a growth of 75.8% from the January 29th total of 5,197,018 shares. Based on an average daily volume of 7,093,407 shares, the days-to-cover ratio is currently 1.3 days. Currently, 14.9% of the company’s stock are sold short. Currently, 14.9% of the company’s stock are sold short. Based on an average daily volume of 7,093,407 shares, the days-to-cover ratio is currently 1.3 days.

Soluna Price Performance

SLNH traded down $0.07 during trading on Friday, hitting $0.87. The company’s stock had a trading volume of 2,952,231 shares, compared to its average volume of 4,858,581. The business’s fifty day simple moving average is $1.26 and its 200 day simple moving average is $1.65. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.18. Soluna has a twelve month low of $0.36 and a twelve month high of $5.14.

Hedge Funds Weigh In On Soluna

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Heights Capital Management Inc. acquired a new stake in shares of Soluna in the fourth quarter valued at about $2,391,000. Geode Capital Management LLC grew its stake in Soluna by 756.0% during the 4th quarter. Geode Capital Management LLC now owns 1,889,533 shares of the company’s stock valued at $2,211,000 after acquiring an additional 1,668,801 shares in the last quarter. Ardsley Advisory Partners LP acquired a new stake in Soluna in the 4th quarter valued at about $2,018,000. Jane Street Group LLC lifted its stake in Soluna by 989.3% in the 4th quarter. Jane Street Group LLC now owns 665,649 shares of the company’s stock worth $779,000 after purchasing an additional 604,540 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in shares of Soluna during the 4th quarter worth approximately $299,000. Hedge funds and other institutional investors own 23.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on SLNH. Weiss Ratings reissued a “sell (e+)” rating on shares of Soluna in a report on Monday, December 29th. HC Wainwright upgraded shares of Soluna from a “neutral” rating to a “buy” rating and set a $5.00 price objective for the company in a report on Thursday, December 11th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Soluna currently has a consensus rating of “Hold” and a consensus price target of $5.00.

About Soluna

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.