Soluna Holdings, Inc. (NASDAQ:SLNHP) Short Interest Down 96.2% in July

Soluna Holdings, Inc. (NASDAQ:SLNHP) saw a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 303 shares, a drop of 96.2% from the June 30th total of 7,981 shares. Based on an average daily volume of 19,999 shares, the days-to-cover ratio is presently 0.0 days.

Soluna Trading Up 3.2%

Shares of SLNHP traded up $0.32 during midday trading on Friday, reaching $10.24. 10,938 shares of the company were exchanged, compared to its average volume of 17,921. Soluna has a 1-year low of $1.76 and a 1-year high of $12.50. The stock has a 50-day moving average price of $10.71 and a 200-day moving average price of $9.59.

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.