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

Soluna Holdings, Inc. (NASDAQ:SLNH) saw a large decrease in short interest in the month of April. As of April 15th, there was short interest totalling 83,700 shares, a decrease of 24.6% from the March 31st total of 111,000 shares. Based on an average trading volume of 115,200 shares, the short-interest ratio is currently 0.7 days. Currently, 9.9% of the shares of the stock are short sold.

Soluna Stock Performance

Shares of NASDAQ SLNH traded down $0.01 during trading hours on Friday, hitting $2.54. 81,609 shares of the stock were exchanged, compared to its average volume of 161,934. The company’s fifty day simple moving average is $2.94 and its two-hundred day simple moving average is $3.16. The company has a market cap of $9.65 million, a PE ratio of -0.09 and a beta of 2.65. Soluna has a 1-year low of $1.40 and a 1-year high of $9.75.

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