Soluna Holdings, Inc. (NASDAQ:SLNH) Short Interest Update
by Renee Jackson · The Cerbat GemSoluna Holdings, Inc. (NASDAQ:SLNH – Get Free Report) was the recipient of a significant drop in short interest in the month of December. As of December 31st, there was short interest totaling 3,375,466 shares, a drop of 24.9% from the December 15th total of 4,493,008 shares. Approximately 5.5% of the company’s shares are short sold. Based on an average daily volume of 4,533,215 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily volume of 4,533,215 shares, the days-to-cover ratio is currently 0.7 days. Approximately 5.5% of the company’s shares are short sold.
Analyst Ratings Changes
Several brokerages have recently issued reports on SLNH. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Soluna in a research note on Monday, December 29th. HC Wainwright upgraded shares of Soluna from a “neutral” rating to a “buy” rating and set a $5.00 target price for the company in a research report on Thursday, December 11th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $5.00.
Check Out Our Latest Research Report on SLNH
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. Millennium Management LLC acquired a new stake in shares of Soluna in the 3rd quarter valued at about $471,000. Fiduciary Alliance LLC bought a new stake in shares of Soluna during the 3rd quarter worth approximately $89,000. SBI Securities Co. Ltd. grew its stake in shares of Soluna by 118.8% in the second quarter. SBI Securities Co. Ltd. now owns 64,766 shares of the company’s stock valued at $37,000 after buying an additional 35,167 shares in the last quarter. Matauro LLC acquired a new position in Soluna during the fourth quarter worth $28,000. Finally, Azora Capital LP bought a new stake in Soluna during the third quarter worth $35,000. Institutional investors and hedge funds own 23.19% of the company’s stock.
Soluna Trading Up 4.4%
Shares of NASDAQ SLNH traded up $0.07 during midday trading on Monday, reaching $1.67. 5,862,036 shares of the stock were exchanged, compared to its average volume of 4,624,285. Soluna has a 12 month low of $0.36 and a 12 month high of $5.14. The company has a market capitalization of $114.26 million, a price-to-earnings ratio of -0.19 and a beta of 4.59. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.18 and a quick ratio of 1.18. The business has a 50-day simple moving average of $1.66 and a two-hundred day simple moving average of $1.56.
Soluna (NASDAQ:SLNH – Get Free Report) last posted its earnings results on Friday, November 14th. The company reported ($0.70) earnings per share for the quarter, missing the consensus estimate of ($0.61) by ($0.09). Soluna had a negative return on equity of 170.50% and a negative net margin of 274.18%.The business had revenue of $8.42 million for the quarter, compared to the consensus estimate of $9.00 million.
About Soluna
Soluna Computing, Inc (NASDAQ: SLNH) is a renewable energy and computing company that develops, constructs and operates utility‐scale wind and solar projects designed to power high-performance computing workloads. By integrating power generation with data processing infrastructure, Soluna targets applications such as cryptocurrency mining, blockchain validation, artificial intelligence training and other cloud‐based or on-premises computing tasks that can flex to available renewable output.
The company manages the full project lifecycle—site selection, permitting, engineering, procurement, construction and operations—with a focus on regions that offer abundant wind or solar resources yet face limitations in grid infrastructure.