Short Interest in Soluna Holdings, Inc. (NASDAQ:SLNH) Rises By 34.0%

Key Points

• Short interest in Soluna surged 34% in February to 12,239,903 shares, equal to 19.9% of the float and implying a 4.8-day days-to-cover based on average volume.
• Institutional investors hold about 23.19% of the stock, with several funds (SBI Securities, Quadrature Capital, XTX Topco, OMERS, Vident) recently adding or initiating positions.
• Shares trade around $0.78 (market cap ~$72.5M) with a 12‑month range of $0.36–$5.14; analyst coverage is mixed (one Buy, one Sell) and the consensus rating is "Hold" with a $5.00 target.

Soluna Holdings, Inc. (NASDAQ:SLNH - Get Free Report) was the recipient of a large increase in short interest in the month of February. As of February 27th, there was short interest totaling 12,239,903 shares, an increase of 34.0% from the February 12th total of 9,137,529 shares. Based on an average daily volume of 2,525,774 shares, the days-to-cover ratio is presently 4.8 days. Currently, 19.9% of the shares of the company are sold short. Currently, 19.9% of the shares of the company are sold short. Based on an average daily volume of 2,525,774 shares, the days-to-cover ratio is presently 4.8 days.

Institutional Trading of Soluna

Hedge funds have recently modified their holdings of the company. SBI Securities Co. Ltd. increased its position in shares of Soluna by 118.8% during the second quarter. SBI Securities Co. Ltd. now owns 64,766 shares of the company's stock valued at $37,000 after purchasing an additional 35,167 shares during the period. Quadrature Capital Ltd acquired a new position in shares of Soluna in the fourth quarter valued at $200,000. XTX Topco Ltd lifted its position in Soluna by 59.3% in the fourth quarter. XTX Topco Ltd now owns 128,294 shares of the company's stock worth $150,000 after purchasing an additional 47,781 shares during the period. OMERS ADMINISTRATION Corp acquired a new stake in Soluna during the fourth quarter worth $81,000. Finally, Vident Advisory LLC acquired a new stake in Soluna during the fourth quarter worth $67,000. Institutional investors own 23.19% of the company's stock.

Soluna Stock Up 0.3%

NASDAQ SLNH opened at $0.78 on Friday. Soluna has a twelve month low of $0.36 and a twelve month high of $5.14. The stock has a market cap of $72.48 million, a PE ratio of -0.09 and a beta of 4.45. The firm has a 50-day simple moving average of $1.15 and a 200 day simple moving average of $1.67. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.18 and a current ratio of 1.18.

Analysts Set New Price Targets

Several brokerages have commented on SLNH. Weiss Ratings reiterated a "sell (e+)" rating on shares of Soluna in a report on Monday, December 29th. HC Wainwright upgraded shares of Soluna from a "neutral" rating to a "buy" rating and set a $5.00 price objective on the stock in a research note on Thursday, December 11th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, Soluna currently has an average rating of "Hold" and a consensus target price of $5.00.

Soluna Company Profile

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.

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