Short Interest in Soluna Holdings, Inc. (NASDAQ:SLNH) Decreases By 24.6%

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

Soluna Price Performance

NASDAQ SLNH traded down $0.12 on Monday, hitting $2.42. The stock had a trading volume of 27,575 shares, compared to its average volume of 113,972. Soluna has a 52-week low of $1.40 and a 52-week high of $9.75. The business’s fifty day moving average price is $2.92 and its 200 day moving average price is $3.12. The stock has a market cap of $9.20 million, a price-to-earnings ratio of -0.08 and a beta of 2.65.

Soluna (NASDAQ:SLNH) last announced 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.

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.