Soluna Holdings, Inc. (NASDAQ:SLNH) Short Interest Up 48.4% in December

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in SLNH. Focus Partners Wealth bought a new stake in Soluna during the third quarter valued at $25,000. Scientech Research LLC acquired a new stake in Soluna in the third quarter worth $31,000. Azora Capital LP bought a new stake in Soluna in the third quarter valued at $35,000. SBI Securities Co. Ltd. boosted its holdings in shares of Soluna by 118.8% during the second quarter. SBI Securities Co. Ltd. now owns 64,766 shares of the company’s stock valued at $37,000 after acquiring an additional 35,167 shares during the period. Finally, Fiduciary Alliance LLC acquired a new position in shares of Soluna during the third quarter valued at $89,000. Institutional investors and hedge funds own 23.19% of the company’s stock.

Soluna Stock Down 4.6%

Shares of Soluna stock traded down $0.07 on Monday, hitting $1.35. 531,964 shares of the company’s stock traded hands, compared to its average volume of 5,142,302. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.18. The firm’s 50-day moving average is $2.17 and its 200 day moving average is $1.46. The stock has a market cap of $92.02 million, a P/E ratio of -0.15 and a beta of 4.83. Soluna has a 52-week low of $0.36 and a 52-week high of $5.14.

Soluna (NASDAQ:SLNH) last posted 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 net margin of 274.18% and a negative return on equity of 170.50%.

Analyst Ratings Changes

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