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

Soluna Holdings, Inc. (NASDAQ:SLNH) saw a large decrease in short interest in March. As of March 15th, there was short interest totalling 884,100 shares, a decrease of 13.3% from the February 28th total of 1,020,000 shares. Approximately 11.6% of the company’s shares are short sold. Based on an average daily volume of 536,600 shares, the short-interest ratio is currently 1.6 days.

Soluna Price Performance

Shares of NASDAQ:SLNH opened at $0.56 on Thursday. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.16. The stock has a market cap of $4.65 million, a PE ratio of -0.04 and a beta of 3.03. The company’s fifty day moving average is $1.34 and its 200 day moving average is $2.47. Soluna has a 52 week low of $0.52 and a 52 week high of $8.80.

Soluna (NASDAQ:SLNH) last released its quarterly earnings data on Tuesday, April 1st. The company reported ($6.15) EPS for the quarter. The company had revenue of $8.27 million during the quarter. Soluna had a negative return on equity of 45.29% and a negative net margin of 75.30%.

Hedge Funds Weigh In On Soluna

Large investors have recently bought and sold shares of the stock. SBI Securities Co. Ltd. purchased a new stake in shares of Soluna during the fourth quarter valued at approximately $82,000. Dimensional Fund Advisors LP boosted its position in Soluna by 67.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 23,041 shares of the company’s stock valued at $48,000 after buying an additional 9,264 shares during the period. Arcadia Wealth Management Inc. bought a new stake in Soluna in the 4th quarter worth $42,000. State Street Corp purchased a new position in shares of Soluna in the third quarter valued at about $36,000. Finally, Virtu Financial LLC bought a new position in shares of Soluna during the third quarter valued at about $36,000. 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.