Soluna Holdings, Inc. (NASDAQ:SLNH) Short Interest Update

Soluna Holdings, Inc. (NASDAQ:SLNH) saw a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 311,900 shares, a growth of 32.4% from the December 15th total of 235,600 shares. Currently, 4.8% of the shares of the company are sold short. Based on an average daily trading volume, of 236,400 shares, the days-to-cover ratio is currently 1.3 days.

Soluna Stock Performance

SLNH traded up $0.09 on Thursday, hitting $2.19. The company’s stock had a trading volume of 311,025 shares, compared to its average volume of 485,952. The company’s 50 day simple moving average is $2.89 and its 200-day simple moving average is $3.78. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.16. Soluna has a 12 month low of $1.40 and a 12 month high of $8.80. The firm has a market cap of $18.33 million, a P/E ratio of -0.15 and a beta of 2.99.

Insider Buying and Selling

In other Soluna news, Director Michael Toporek sold 11,000 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $3.23, for a total transaction of $35,530.00. Following the completion of the transaction, the director now directly owns 79,100 shares of the company’s stock, valued at approximately $255,493. This represents a 12.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Edward R. Hirshfield sold 8,741 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $11.76, for a total value of $102,794.16. Following the transaction, the director now owns 17,748 shares of the company’s stock, valued at $208,716.48. The trade was a 33.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 53,255 shares of company stock valued at $332,029. 27.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Soluna

A number of large investors have recently made changes to their positions in SLNH. Virtu Financial LLC purchased a new stake in Soluna during the 3rd quarter worth about $36,000. State Street Corp bought a new position in shares of Soluna in the third quarter valued at approximately $36,000. Finally, Coastal Bridge Advisors LLC bought a new stake in Soluna during the 2nd quarter worth approximately $61,000. 23.19% of the stock is owned by institutional investors.

Soluna Company Profile

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.