Soluna Holdings, Inc. (NASDAQ:SLNH) Director Sells $27,520.00 in Stock

Soluna Holdings, Inc. (NASDAQ:SLNH) Director Michael Toporek sold 8,000 shares of the business’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $3.44, for a total value of $27,520.00. Following the sale, the director now directly owns 142,000 shares in the company, valued at $488,480. This trade represents a 5.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Soluna Trading Down 10.5 %

Shares of SLNH opened at $0.89 on Monday. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.16. Soluna Holdings, Inc. has a 1-year low of $0.85 and a 1-year high of $8.80. The stock has a market capitalization of $7.49 million, a P/E ratio of -0.06 and a beta of 3.03. The business’s 50-day moving average price is $1.43 and its 200 day moving average price is $2.52.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in SLNH. SBI Securities Co. Ltd. purchased a new stake in shares of Soluna in the 4th quarter valued at approximately $82,000. Arcadia Wealth Management Inc. purchased a new stake in shares of Soluna in the fourth quarter valued at $42,000. State Street Corp acquired a new stake in shares of Soluna in the third quarter worth $36,000. Virtu Financial LLC purchased a new position in shares of Soluna during the third quarter valued at $36,000. Finally, Dimensional Fund Advisors LP raised its position in Soluna by 67.2% during the fourth 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. 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.