Insider Selling: Soluna Holdings, Inc. (NASDAQ:SLNH) CAO Sells $39,534.00 in Stock

Soluna Holdings, Inc. (NASDAQ:SLNH) CAO Jessica L. Thomas sold 3,300 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $11.98, for a total transaction of $39,534.00. Following the completion of the transaction, the chief accounting officer now owns 6,700 shares of the company’s stock, valued at $80,266. This trade represents a 33.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Soluna Stock Down 2.3 %

Soluna stock opened at $3.43 on Friday. The stock has a market capitalization of $28.71 million, a PE ratio of -0.24 and a beta of 2.93. Soluna Holdings, Inc. has a twelve month low of $1.40 and a twelve month high of $8.80. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.16. The company has a 50 day moving average of $3.53 and a 200-day moving average of $4.02.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Coastal Bridge Advisors LLC acquired a new position in shares of Soluna in the second quarter valued at approximately $61,000. Virtu Financial LLC acquired a new position in shares of Soluna in the third quarter valued at approximately $36,000. Finally, State Street Corp bought a new stake in shares of Soluna in the third quarter worth $36,000. Institutional investors and hedge funds own 23.19% of the company’s stock.

About Soluna

Soluna Holdings, Inc together with its subsidiaries, engages in the mining of cryptocurrency through data centers. It operates through two segments, Cryptocurrency Mining and Data Center Hosting. The company also operates in the blockchain business. In addition, the company develops and builds modular data centers that use for cryptocurrency mining.