Soluna Holdings, Inc. (NASDAQ:SLNHP) Short Interest Update
by Renee Jackson · The Cerbat GemSoluna Holdings, Inc. (NASDAQ:SLNHP – Get Free Report) was the target of a large decrease in short interest in March. As of March 31st, there was short interest totaling 2,390 shares, a decrease of 41.0% from the March 15th total of 4,049 shares. Based on an average daily volume of 17,357 shares, the days-to-cover ratio is currently 0.1 days.
Soluna Stock Performance
Shares of Soluna stock traded down $0.31 during trading on Monday, reaching $7.64. The company had a trading volume of 11,857 shares, compared to its average volume of 21,563. The firm’s fifty day moving average is $8.70 and its 200-day moving average is $9.19. Soluna has a fifty-two week low of $1.76 and a fifty-two week high of $12.50.
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.