Short Interest in Soluna Holdings, Inc. (NASDAQ:SLNH) Increases By 48.4%

Soluna Holdings, Inc. (NASDAQ:SLNH) was the target of a large growth in short interest in December. As of December 15th, there was short interest totaling 4,493,008 shares, a growth of 48.4% from the November 30th total of 3,028,286 shares. Based on an average daily trading volume, of 5,984,784 shares, the short-interest ratio is currently 0.8 days. Currently, 7.3% of the shares of the stock are short sold. Currently, 7.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 5,984,784 shares, the short-interest ratio is currently 0.8 days.

Soluna Price Performance

NASDAQ:SLNH traded down $0.07 during trading hours on Monday, reaching $1.35. 531,964 shares of the company were exchanged, compared to its average volume of 5,142,302. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.18. The firm has a market cap of $92.02 million, a PE ratio of -0.15 and a beta of 4.83. Soluna has a twelve month low of $0.36 and a twelve month high of $5.14. The stock’s 50-day moving average is $2.17 and its 200-day moving average is $1.46.

Soluna (NASDAQ:SLNH) last announced its earnings results on Friday, November 14th. The company reported ($0.70) EPS for the quarter, missing analysts’ consensus estimates of ($0.61) by ($0.09). Soluna had a negative net margin of 274.18% and a negative return on equity of 170.50%. The firm had revenue of $8.42 million for the quarter, compared to analyst estimates of $9.00 million.

Analyst Upgrades and Downgrades

Several research firms recently commented on SLNH. Wall Street Zen upgraded Soluna from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Soluna in a report on Monday, December 22nd. Finally, HC Wainwright raised Soluna from a “neutral” rating to a “buy” rating and set a $5.00 price objective on the stock in a research note on Thursday, December 11th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Soluna has a consensus rating of “Hold” and a consensus target price of $5.00.

Hedge Funds Weigh In On Soluna

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Focus Partners Wealth purchased a new stake in Soluna during the 3rd quarter worth approximately $25,000. Scientech Research LLC acquired a new stake in shares of Soluna in the third quarter valued at $31,000. Azora Capital LP purchased a new position in Soluna in the third quarter valued at $35,000. SBI Securities Co. Ltd. grew its stake in Soluna by 118.8% during the 2nd quarter. SBI Securities Co. Ltd. now owns 64,766 shares of the company’s stock worth $37,000 after purchasing an additional 35,167 shares in the last quarter. Finally, Fiduciary Alliance LLC purchased a new position in shares of Soluna in the 3rd quarter valued at about $89,000. 23.19% of the stock is currently owned by hedge funds and other institutional investors.

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.