Soluna Holdings, Inc. (NASDAQ:SLNHP) Short Interest Up 1,200.0% in August

Soluna Holdings, Inc. (NASDAQ:SLNHP) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 2,600 shares, an increase of 1,200.0% from the August 15th total of 200 shares. Based on an average daily volume of 9,500 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 9,500 shares, the days-to-cover ratio is presently 0.3 days.

Soluna Stock Up 3.2%

Shares of SLNHP stock opened at $2.86 on Friday. The firm’s 50-day moving average is $3.51 and its 200-day moving average is $4.03. Soluna has a 52-week low of $1.76 and a 52-week high of $13.50.

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.