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 dated Thursday, November 21st. The shares were sold at an average price of $11.48, for a total value of $22,960.00. Following the completion of the transaction, the insider now directly owns 15,000 shares in the company, valued at $172,200. This represents 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 this hyperlink.

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 shares were sold at an average price of $11.82, for a total value of $35,460.00.

Soluna Stock Performance

SLNH opened at $3.43 on Friday. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.16. Soluna Holdings, Inc. has a 12-month low of $1.40 and a 12-month high of $8.80. The firm has a 50 day moving average of $3.53 and a two-hundred day moving average of $4.02. The firm has a market capitalization of $28.71 million, a PE ratio of -0.24 and a beta of 2.93.

Hedge Funds Weigh In On Soluna

Institutional investors have recently made changes to their positions in the company. Virtu Financial LLC acquired a new position in shares of Soluna in the third quarter worth about $36,000. State Street Corp acquired a new stake in shares of Soluna during the 3rd quarter valued at about $36,000. Finally, Coastal Bridge Advisors LLC purchased a new position in shares of Soluna in the 2nd quarter valued at about $61,000. 23.19% of the stock is owned by hedge funds and other institutional investors.

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.