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

Soluna Holdings, Inc. (NASDAQ:SLNH) was the target of a significant decrease in short interest during 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 days-to-cover ratio is presently 0.7 days. Currently, 9.9% of the company’s stock are sold short.

Soluna Price Performance

SLNH traded up $0.01 during trading on Tuesday, reaching $2.43. 37,797 shares of the stock traded hands, compared to its average volume of 113,053. The stock’s 50-day simple moving average is $2.92 and its two-hundred day simple moving average is $3.12. Soluna has a fifty-two week low of $1.40 and a fifty-two week high of $9.75. The stock has a market cap of $9.23 million, a price-to-earnings ratio of -0.08 and a beta of 2.65.

Soluna (NASDAQ:SLNH) last announced its quarterly earnings results on Monday, April 1st. The company reported ($6.65) earnings per share (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 for the quarter.

Soluna Company Profile

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.