Soluna Holdings, Inc. (NASDAQ:SLNHP – Get Free Report) was the recipient of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 10,285 shares, an increase of 3,294.4% from the July 15th total of 303 shares. Based on an average trading volume of 15,664 shares, the short-interest ratio is presently 0.7 days.
Soluna Stock Down 0.9%
NASDAQ SLNHP opened at $11.64 on Wednesday. The company has a fifty day moving average of $10.61 and a two-hundred day moving average of $9.63. Soluna has a 52 week low of $1.76 and a 52 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.
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