Soluna Holdings, Inc. (NASDAQ:SLNH) Insider Sells $35,460.00 in Stock

Soluna Holdings, Inc. (NASDAQ:SLNH) insider Mary Jennifer Oreilly sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $11.82, for a total transaction of $35,460.00. Following the completion of the sale, the insider now owns 17,000 shares of the company’s stock, valued at $200,940. This trade represents a 15.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Thursday, November 21st, Mary Jennifer Oreilly sold 2,000 shares of Soluna stock. The stock was sold at an average price of $11.48, for a total value of $22,960.00.

Soluna Trading Down 2.3 %

SLNH opened at $3.43 on Friday. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.16. Soluna Holdings, Inc. has a 52 week low of $1.40 and a 52 week high of $8.80. The stock has a market cap of $28.71 million, a PE ratio of -0.24 and a beta of 2.93. The business has a 50 day moving average of $3.53 and a 200-day moving average of $4.02.

Hedge Funds Weigh In On Soluna

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Coastal Bridge Advisors LLC purchased a new stake in shares of Soluna in the 2nd quarter worth about $61,000. State Street Corp purchased a new stake in Soluna in the third quarter worth about $36,000. Finally, Virtu Financial LLC bought a new position in shares of Soluna during the third quarter valued at approximately $36,000. Hedge funds and other 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.