Greenidge Generation Holdings Inc. (NASDAQ:GREE) Short Interest Down 35.5% in October

Greenidge Generation Holdings Inc. (NASDAQ:GREE) was the recipient of a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 288,800 shares, a decrease of 35.5% from the October 15th total of 448,000 shares. Based on an average daily trading volume, of 247,200 shares, the days-to-cover ratio is currently 1.2 days. Approximately 3.8% of the shares of the stock are short sold.

Greenidge Generation Trading Up 8.1 %

Greenidge Generation stock traded up $0.20 during midday trading on Friday, reaching $2.67. 40,205,141 shares of the company were exchanged, compared to its average volume of 462,919. The firm’s 50-day simple moving average is $2.14 and its 200-day simple moving average is $2.43. Greenidge Generation has a 1 year low of $1.62 and a 1 year high of $9.26.

Greenidge Generation (NASDAQ:GREE) last posted its quarterly earnings data on Wednesday, August 14th. The company reported ($0.55) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.18). The firm had revenue of $13.06 million for the quarter, compared to analyst estimates of $16.10 million. Equities research analysts predict that Greenidge Generation will post -1.81 earnings per share for the current fiscal year.

Institutional Trading of Greenidge Generation

An institutional investor recently bought a new position in Greenidge Generation stock. XTX Topco Ltd purchased a new position in Greenidge Generation Holdings Inc. (NASDAQ:GREE) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 15,222 shares of the company’s stock, valued at approximately $41,000. XTX Topco Ltd owned about 0.16% of Greenidge Generation at the end of the most recent quarter. Institutional investors own 8.50% of the company’s stock.

Greenidge Generation Company 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.