Soluna Holdings, Inc. (NASDAQ:SLNHP – Get Free Report) was the recipient of a significant increase in short interest in May. As of May 15th, there was short interest totaling 6,427 shares, an increase of 785.3% from the April 30th total of 726 shares. Based on an average daily volume of 13,349 shares, the short-interest ratio is presently 0.5 days.
Soluna Stock Down 12.3%
SLNHP opened at $10.53 on Friday. Soluna has a 1-year low of $1.76 and a 1-year high of $12.50. The company has a fifty day moving average price of $8.90 and a two-hundred day moving average price of $9.15.
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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