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

Soluna Holdings, Inc. (NASDAQ:SLNH) 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.

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) 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.