Soluna Holdings, Inc. (NASDAQ:SLNH) Short Interest Update

Key Points

• Short interest jumped 22.5% in March to 14,997,436 shares, equal to about 18.0% of the stock shorted and a days-to-cover ratio of 4.6.
• Analysts are mixed: one Buy and one Sell, an average rating of Hold and a consensus target of $5.00 (Weiss Ratings sells while HC Wainwright upgraded to Buy with a $5 target).
• Shares trade around $0.61 with a market cap of about $56.25 million and high volatility (beta 4.45); the company reported $9.21M in revenue but shows a negative net margin (-274.18%) and negative return on equity.

Soluna Holdings, Inc. (NASDAQ:SLNH - Get Free Report) was the recipient of a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 14,997,436 shares, a growth of 22.5% from the February 26th total of 12,239,903 shares. Currently, 18.0% of the company's stock are short sold. Based on an average daily trading volume, of 3,234,996 shares, the days-to-cover ratio is presently 4.6 days.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Weiss Ratings reissued a "sell (e+)" rating on shares of Soluna in a report on Monday, December 29th. HC Wainwright upgraded shares of Soluna from a "neutral" rating to a "buy" rating and set a $5.00 target price for the company in a report on Thursday, December 11th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $5.00.

Soluna Stock Performance

Shares of SLNH traded down $0.01 during mid-day trading on Monday, reaching $0.61. 2,486,541 shares of the company's stock were exchanged, compared to its average volume of 4,433,280. The business's fifty day simple moving average is $0.96 and its 200-day simple moving average is $1.70. The stock has a market capitalization of $56.25 million, a PE ratio of -0.07 and a beta of 4.45. Soluna has a 52-week low of $0.36 and a 52-week high of $5.14. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.18 and a quick ratio of 1.18.

Soluna (NASDAQ:SLNH - Get Free Report) last released its quarterly earnings results on Saturday, March 28th. The company reported $0.91 EPS for the quarter. Soluna had a negative net margin of 274.18% and a negative return on equity of 170.50%. The firm had revenue of $9.21 million during the quarter.

Institutional Trading of Soluna

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. XTX Topco Ltd increased its holdings in shares of Soluna by 59.3% in the fourth quarter. XTX Topco Ltd now owns 128,294 shares of the company's stock valued at $150,000 after purchasing an additional 47,781 shares during the period. Quadrature Capital Ltd purchased a new position in Soluna in the 4th quarter valued at $200,000. Squarepoint Ops LLC acquired a new position in Soluna in the 4th quarter valued at $30,000. OMERS ADMINISTRATION Corp acquired a new stake in shares of Soluna in the 4th quarter worth $81,000. Finally, State Street Corp boosted its holdings in shares of Soluna by 90.7% in the fourth quarter. State Street Corp now owns 188,376 shares of the company's stock valued at $220,000 after acquiring an additional 89,582 shares in the last quarter. 23.19% of the stock is owned by hedge funds and other institutional investors.

About Soluna

Soluna Computing, Inc NASDAQ: SLNH is a renewable energy and computing company that develops, constructs and operates utility‐scale wind and solar projects designed to power high-performance computing workloads. By integrating power generation with data processing infrastructure, Soluna targets applications such as cryptocurrency mining, blockchain validation, artificial intelligence training and other cloud‐based or on-premises computing tasks that can flex to available renewable output.

The company manages the full project lifecycle—site selection, permitting, engineering, procurement, construction and operations—with a focus on regions that offer abundant wind or solar resources yet face limitations in grid infrastructure.

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