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

Soluna Holdings, Inc. (NASDAQ:SLNH) was the recipient of a large decrease in short interest in July. As of July 15th, there was short interest totalling 124,700 shares, a decrease of 42.3% from the June 30th total of 216,200 shares. Based on an average daily volume of 465,200 shares, the days-to-cover ratio is presently 0.3 days. Currently, 3.2% of the shares of the stock are sold short.

Soluna Trading Up 2.3 %

Shares of SLNH traded up $0.12 during midday trading on Friday, reaching $5.43. The stock had a trading volume of 94,261 shares, compared to its average volume of 311,832. The company’s 50-day moving average is $4.63 and its 200 day moving average is $3.54. Soluna has a 12-month low of $1.40 and a 12-month high of $9.75. The company has a market capitalization of $21.29 million, a price-to-earnings ratio of -0.23 and a beta of 2.96.

Soluna (NASDAQ:SLNH) last issued its earnings results on Wednesday, May 15th. The company reported ($2.62) earnings per share for the quarter. The company had revenue of $12.55 million for the quarter. Soluna had a negative net margin of 89.72% and a negative return on equity of 44.38%.

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.