Short Interest in Soluna Holdings, Inc. (NASDAQ:SLNH) Decreases By 22.9%

Soluna Holdings, Inc. (NASDAQ:SLNH) saw a large decline in short interest in November. As of November 30th, there was short interest totalling 132,100 shares, a decline of 22.9% from the November 15th total of 171,400 shares. Approximately 2.5% of the company’s shares are short sold. Based on an average trading volume of 205,300 shares, the days-to-cover ratio is presently 0.6 days.

Soluna Stock Down 3.4 %

Shares of NASDAQ SLNH traded down $0.09 during trading on Monday, hitting $2.59. The stock had a trading volume of 360,521 shares, compared to its average volume of 237,775. Soluna has a 12 month low of $1.40 and a 12 month high of $8.80. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.59 and a quick ratio of 0.59. The company has a market capitalization of $21.69 million, a PE ratio of -0.18 and a beta of 2.89. The firm has a fifty day moving average of $3.53 and a two-hundred day moving average of $4.10.

Insider Activity

In other Soluna news, insider Mary Jennifer Oreilly sold 3,000 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $11.82, for a total transaction of $35,460.00. Following the completion of the sale, the insider now owns 17,000 shares in the company, valued at approximately $200,940. The trade was a 15.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Michael Toporek sold 24,420 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $3.59, for a total transaction of $87,667.80. Following the completion of the sale, the director now owns 30,980 shares of the company’s stock, valued at approximately $111,218.20. The trade was a 44.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 53,255 shares of company stock worth $332,029 in the last quarter. 27.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Soluna

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