Soluna Holdings, Inc. (NASDAQ:SLNHP) Short Interest Update

Soluna Holdings, Inc. (NASDAQ:SLNHP) was the recipient of a large increase in short interest during the month of 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 trading volume, of 13,349 shares, the short-interest ratio is presently 0.5 days.

Soluna Stock Down 8.4%

NASDAQ:SLNHP traded down $1.01 during trading hours on Friday, hitting $11.00. 66,264 shares of the company were exchanged, compared to its average volume of 19,144. Soluna has a 52-week low of $1.76 and a 52-week high of $12.50. The company’s 50 day moving average price is $8.86 and its 200-day moving average price is $9.14.

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.