Soluna Holdings, Inc. (NASDAQ:SLNHP – Get Free Report) was the recipient of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 9,962 shares, an increase of 1,868.8% from the August 31st total of 506 shares. Based on an average daily trading volume, of 2,712 shares, the short-interest ratio is currently 3.7 days.
Soluna Stock Down 0.5%
Shares of SLNHP stock opened at $12.69 on Friday. The company has a 50-day moving average of $11.68 and a two-hundred day moving average of $10.30. Soluna has a 1-year low of $6.30 and a 1-year high of $12.85.
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.
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