Short Interest in Greenidge Generation Holdings Inc. (NASDAQ:GREE) Drops By 28.1%

Greenidge Generation Holdings Inc. (NASDAQ:GREE) was the recipient of a large drop in short interest in March. As of March 15th, there was short interest totalling 571,700 shares, a drop of 28.1% from the February 28th total of 794,700 shares. Approximately 7.5% of the shares of the stock are short sold. Based on an average daily volume of 256,000 shares, the short-interest ratio is currently 2.2 days.

Greenidge Generation Trading Up 4.9 %

GREE traded up $0.04 during trading on Tuesday, hitting $0.77. The company’s stock had a trading volume of 89,038 shares, compared to its average volume of 449,487. The firm’s 50 day moving average price is $1.08 and its two-hundred day moving average price is $1.73. Greenidge Generation has a 12 month low of $0.71 and a 12 month high of $3.84.

Institutional Investors Weigh In On Greenidge Generation

A hedge fund recently bought a new stake in Greenidge Generation stock. Soviero Asset Management LP bought a new position in shares of Greenidge Generation Holdings Inc. (NASDAQ:GREE) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 251,147 shares of the company’s stock, valued at approximately $389,000. Soviero Asset Management LP owned approximately 2.25% of Greenidge Generation at the end of the most recent quarter. 8.50% of the stock is owned by institutional investors and hedge funds.

About Greenidge Generation

Greenidge Generation Holdings Inc operates as an integrated cryptocurrency datacenter and power generation company. The company owns and operates cryptocurrency datacenter in New York, as well as hosts, powers, and provides technical support and other related services to bitcoin mining equipment owned by customers.