Soluna Holdings, Inc. (NASDAQ:SLNHP) Short Interest Down 80.0% in April
by Jessica Moore · The Cerbat GemSoluna Holdings, Inc. (NASDAQ:SLNHP – Get Free Report) was the target of a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 726 shares, a decline of 80.0% from the April 15th total of 3,627 shares. Based on an average trading volume of 17,069 shares, the short-interest ratio is presently 0.0 days.
Soluna Trading Up 5.6%
Shares of SLNHP traded up $0.57 during midday trading on Thursday, hitting $10.82. 4,635 shares of the company traded hands, compared to its average volume of 20,033. The stock has a 50-day moving average of $8.41 and a 200-day moving average of $9.09. Soluna has a one year low of $1.76 and a one year 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.