Soluna Holdings, Inc. (NASDAQ:SLNHP) Short Interest Down 96.3% in August

Soluna Holdings, Inc. (NASDAQ:SLNHP) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totaling 506 shares, a decrease of 96.3% from the August 15th total of 13,842 shares. Based on an average trading volume of 9,336 shares, the days-to-cover ratio is presently 0.1 days.

Soluna Price Performance

Shares of NASDAQ SLNHP traded down $0.63 during midday trading on Friday, hitting $12.02. 391 shares of the company’s stock were exchanged, compared to its average volume of 15,949. Soluna has a twelve month low of $2.60 and a twelve month high of $12.77. The firm’s fifty day simple moving average is $11.21 and its 200-day simple moving average is $10.10.

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.