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

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

Soluna Trading Up 2.3 %

NASDAQ:SLNH traded up $0.12 during midday trading on Friday, hitting $5.43. 94,261 shares of the company were exchanged, compared to its average volume of 311,832. The company has a fifty day simple moving average of $4.63 and a 200 day simple moving average of $3.54. Soluna has a fifty-two week low of $1.40 and a fifty-two week high of $9.75. The company has a market capitalization of $21.29 million, a PE ratio of -0.23 and a beta of 2.96.

Soluna (NASDAQ:SLNH) last posted its quarterly earnings data on Wednesday, May 15th. The company reported ($2.62) EPS for the quarter. The business had revenue of $12.55 million during 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.