Soviero Asset Management LP Takes Position in Greenidge Generation Holdings Inc. (NASDAQ:GREE)

Soviero Asset Management LP acquired a new stake in Greenidge Generation Holdings Inc. (NASDAQ:GREE) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 251,147 shares of the company’s stock, valued at approximately $389,000. Soviero Asset Management LP owned 2.25% of Greenidge Generation at the end of the most recent quarter.

Greenidge Generation Price Performance

Shares of GREE opened at $1.14 on Monday. Greenidge Generation Holdings Inc. has a one year low of $0.58 and a one year high of $3.84. The business’s 50 day simple moving average is $0.85 and its 200-day simple moving average is $1.42.

Greenidge Generation (NASDAQ:GREE) last posted its quarterly earnings data on Thursday, May 15th. The company reported ($0.40) earnings per share (EPS) for the quarter.

Insider Activity

In other news, Director Christopher J. Krug acquired 70,000 shares of the stock in a transaction that occurred on Wednesday, April 23rd. The stock was acquired at an average price of $0.83 per share, for a total transaction of $58,100.00. Following the transaction, the director now directly owns 221,607 shares in the company, valued at approximately $183,933.81. This represents a 46.17% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Insiders have sold a total of 78,038 shares of company stock valued at $62,771 in the last 90 days. 27.90% of the stock is owned by company insiders.

Greenidge Generation Profile

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.