Soluna Holdings, Inc. (NASDAQ:SLNH) Short Interest Down 24.9% in December

Soluna Holdings, Inc. (NASDAQ:SLNH) saw a significant decline in short interest in December. As of December 31st, there was short interest totaling 3,375,466 shares, a decline of 24.9% from the December 15th total of 4,493,008 shares. Currently, 5.5% of the company’s stock are short sold. Based on an average daily volume of 4,533,215 shares, the short-interest ratio is presently 0.7 days. Based on an average daily volume of 4,533,215 shares, the short-interest ratio is presently 0.7 days. Currently, 5.5% of the company’s stock are short sold.

Soluna Stock Up 4.4%

Shares of NASDAQ:SLNH traded up $0.07 during midday trading on Friday, hitting $1.67. The stock had a trading volume of 5,862,036 shares, compared to its average volume of 4,624,285. The company has a market cap of $114.26 million, a P/E ratio of -0.19 and a beta of 4.59. Soluna has a 12 month low of $0.36 and a 12 month high of $5.14. The business’s 50-day simple moving average is $1.66 and its 200-day simple moving average is $1.56. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.18.

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

Institutional Trading of Soluna

Several hedge funds have recently added to or reduced their stakes in the company. Millennium Management LLC acquired a new position in Soluna in the 3rd quarter valued at $471,000. Fiduciary Alliance LLC bought a new position in shares of Soluna in the 3rd quarter valued at $89,000. SBI Securities Co. Ltd. raised its holdings in shares of 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 buying an additional 35,167 shares in the last quarter. Matauro LLC acquired a new stake in Soluna in the fourth quarter valued at about $28,000. Finally, Azora Capital LP bought a new position in Soluna in the third quarter valued at about $35,000. 23.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on SLNH shares. HC Wainwright upgraded Soluna from a “neutral” rating to a “buy” rating and set a $5.00 target price on the stock in a research note on Thursday, December 11th. Weiss Ratings reissued a “sell (e+)” rating on shares of Soluna in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $5.00.

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.