Soluna Holdings, Inc. (NASDAQ:SLNH) Insider Sells $22,960.00 in Stock

Soluna Holdings, Inc. (NASDAQ:SLNH) insider Mary Jennifer Oreilly sold 2,000 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $11.48, for a total value of $22,960.00. Following the completion of the sale, the insider now owns 15,000 shares in the company, valued at approximately $172,200. The trade was a 11.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Mary Jennifer Oreilly also recently made the following trade(s):

• On Tuesday, November 19th, Mary Jennifer Oreilly sold 3,000 shares of Soluna stock. The stock was sold at an average price of $11.82, for a total value of $35,460.00.

Soluna Trading Down 1.7 %

Shares of NASDAQ SLNH traded down $0.06 during midday trading on Thursday, hitting $3.51. The company’s stock had a trading volume of 248,202 shares, compared to its average volume of 237,904. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.16. The business’s 50 day moving average is $3.52 and its two-hundred day moving average is $4.00. Soluna Holdings, Inc. has a 12-month low of $1.40 and a 12-month high of $8.80. The firm has a market cap of $29.38 million, a P/E ratio of -0.24 and a beta of 2.93.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Coastal Bridge Advisors LLC bought a new position in Soluna in the second quarter worth approximately $61,000. Virtu Financial LLC bought a new position in Soluna in the third quarter worth approximately $36,000. Finally, State Street Corp bought a new position in Soluna in the third quarter worth approximately $36,000. Institutional investors 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.