Soluna Holdings, Inc. (NASDAQ:SLNHP) Stock Short Interest Climbs 1,868.8%

Soluna Holdings, Inc. (NASDAQ:SLNHP) was the target of a significant growth in short interest in September. As of September 15th, there was short interest totaling 9,962 shares, a growth of 1,868.8% from the August 31st total of 506 shares. Based on an average daily volume of 2,712 shares, the short-interest ratio is presently 3.7 days.

Soluna Trading Down 0.5%

NASDAQ:SLNHP traded down $0.06 during trading hours on Thursday, reaching $12.69. 325 shares of the stock were exchanged, compared to its average volume of 15,499. The firm has a 50 day simple moving average of $11.61 and a 200-day simple moving average of $10.28. Soluna has a 52 week low of $6.30 and a 52 week high of $12.85.

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.