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

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

Soluna Stock Performance

Soluna stock traded down $0.10 during midday trading on Tuesday, reaching $11.64. The stock had a trading volume of 1,041 shares, compared to its average volume of 17,256. Soluna has a 52-week low of $1.76 and a 52-week high of $12.50. The company has a fifty day moving average of $10.58 and a 200 day moving average of $9.61.

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.