Jessica L. Thomas Sells 3,300 Shares of Soluna Holdings, Inc. (NASDAQ:SLNH) Stock

Soluna Holdings, Inc. (NASDAQ:SLNH) CAO Jessica L. Thomas sold 3,300 shares of Soluna stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $11.98, for a total value of $39,534.00. Following the transaction, the chief accounting officer now owns 6,700 shares of the company’s stock, valued at $80,266. The trade was a 33.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Soluna Price Performance

SLNH opened at $3.43 on Friday. 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 Holdings, Inc. has a 12-month low of $1.40 and a 12-month high of $8.80. The business has a 50 day moving average of $3.53 and a 200-day moving average of $4.01.

Institutional Investors Weigh In On Soluna

Hedge funds have recently added to or reduced their stakes in the business. Coastal Bridge Advisors LLC acquired a new position in shares of Soluna in the second quarter valued at $61,000. Virtu Financial LLC acquired a new position in shares of Soluna in the third quarter valued at approximately $36,000. Finally, State Street Corp bought a new position in shares of Soluna during the third quarter worth approximately $36,000. Institutional investors and hedge funds own 23.19% of the company’s stock.

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.