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 firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $11.48, for a total transaction of $22,960.00. Following the completion of the sale, the insider now owns 15,000 shares in the company, valued at $172,200. This represents a 11.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing 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 transaction of $35,460.00.

Soluna Price Performance

NASDAQ SLNH opened at $3.43 on Friday. Soluna Holdings, Inc. has a 12-month low of $1.40 and a 12-month high of $8.80. The firm’s fifty day simple moving average is $3.53 and its two-hundred day simple moving average is $4.02. 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 firm has a market capitalization of $28.71 million, a P/E ratio of -0.24 and a beta of 2.93.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. State Street Corp acquired a new stake in Soluna in the third quarter worth about $36,000. Virtu Financial LLC purchased a new position in shares of Soluna in the 3rd quarter valued at approximately $36,000. Finally, Coastal Bridge Advisors LLC acquired a new stake in Soluna in the 2nd quarter worth approximately $61,000. 23.19% of the stock is currently owned by hedge funds and other institutional investors.

Soluna Company Profile

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.