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

Soluna Holdings, Inc. (NASDAQ:SLNH) was the target of a large increase in short interest in the month of February. As of February 13th, there was short interest totaling 9,137,529 shares, an increase of 75.8% from the January 29th total of 5,197,018 shares. Based on an average daily volume of 7,093,407 shares, the days-to-cover ratio is presently 1.3 days. Currently, 14.9% of the shares of the stock are sold short. Currently, 14.9% of the shares of the stock are sold short. Based on an average daily volume of 7,093,407 shares, the days-to-cover ratio is presently 1.3 days.

Wall Street Analysts Forecast Growth

SLNH has been the topic of a number of recent analyst reports. HC Wainwright raised shares of Soluna from a “neutral” rating to a “buy” rating and set a $5.00 price target on the stock in a report on Thursday, December 11th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Soluna in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $5.00.

Soluna Stock Performance

Shares of SLNH opened at $0.87 on Monday. Soluna has a 12-month low of $0.36 and a 12-month high of $5.14. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.18. The company has a market cap of $59.48 million, a PE ratio of -0.10 and a beta of 4.45. The stock has a 50-day moving average price of $1.26 and a 200-day moving average price of $1.66.

Hedge Funds Weigh In On Soluna

A number of institutional investors have recently made changes to their positions in SLNH. Focus Partners Wealth purchased a new stake in shares of Soluna during the 3rd quarter valued at $25,000. Matauro LLC bought a new position in Soluna in the fourth quarter valued at $28,000. Squarepoint Ops LLC purchased a new stake in Soluna during the fourth quarter valued at about $30,000. Scientech Research LLC purchased a new stake in Soluna during the third quarter valued at about $31,000. Finally, Azora Capital LP lifted its stake in Soluna by 97.7% during the fourth quarter. Azora Capital LP now owns 29,369 shares of the company’s stock worth $34,000 after purchasing an additional 14,513 shares during the last quarter. Institutional investors own 23.19% of the company’s stock.

About Soluna

Soluna Computing, Inc (NASDAQ: SLNH) is a renewable energy and computing company that develops, constructs and operates utility‐scale wind and solar projects designed to power high-performance computing workloads. By integrating power generation with data processing infrastructure, Soluna targets applications such as cryptocurrency mining, blockchain validation, artificial intelligence training and other cloud‐based or on-premises computing tasks that can flex to available renewable output.

The company manages the full project lifecycle—site selection, permitting, engineering, procurement, construction and operations—with a focus on regions that offer abundant wind or solar resources yet face limitations in grid infrastructure.