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

Soluna Holdings, Inc. (NASDAQ:SLNH) was the target of a significant decline in short interest during the month of April. As of April 15th, there was short interest totalling 83,700 shares, a decline of 24.6% from the March 31st total of 111,000 shares. Currently, 9.9% of the company’s shares are sold short. Based on an average daily trading volume, of 115,200 shares, the short-interest ratio is presently 0.7 days.

Soluna Trading Up 0.4 %

Shares of SLNH traded up $0.01 on Tuesday, reaching $2.43. 37,797 shares of the company’s stock were exchanged, compared to its average volume of 113,053. The stock has a market capitalization of $9.23 million, a P/E ratio of -0.08 and a beta of 2.65. The business has a 50 day moving average price of $2.92 and a two-hundred day moving average price of $3.12. Soluna has a 12 month low of $1.40 and a 12 month high of $9.75.

Soluna (NASDAQ:SLNH) last issued its earnings results on Monday, April 1st. The company reported ($6.65) EPS for the quarter. Soluna had a negative net margin of 138.62% and a negative return on equity of 47.43%. The firm had revenue of $10.12 million during the quarter.

About Soluna

Soluna Holdings, Inc together with its subsidiaries, engages in the mining of cryptocurrency through data centers. The company operates through two segments, Cryptocurrency Mining and Data Center Hosting. It also operates in the blockchain business. In addition, the company develops and builds modular data centers that use for cryptocurrency mining.