Soluna Holdings, Inc. (NASDAQ:SLNHP) Sees Large Drop in Short Interest

Soluna Holdings, Inc. (NASDAQ:SLNHP) was the target of a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 500 shares, a decline of 87.8% from the February 13th total of 4,100 shares. Based on an average daily trading volume, of 7,400 shares, the days-to-cover ratio is presently 0.1 days.

Soluna Trading Down 5.0 %

Shares of NASDAQ SLNHP traded down $0.27 during mid-day trading on Wednesday, reaching $5.15. The company had a trading volume of 542 shares, compared to its average volume of 13,110. Soluna has a 52-week low of $1.77 and a 52-week high of $13.50. The firm has a 50 day simple moving average of $8.09 and a two-hundred day simple moving average of $8.31.

About Soluna

Soluna Holdings, Inc together with its subsidiaries, engages in the mining of cryptocurrency through data centers. It operates through two segments, Cryptocurrency Mining and Data Center Hosting. The company also operates in the blockchain business. In addition, the company develops and builds modular data centers that use for cryptocurrency mining.