Greenidge Generation (NASDAQ:GREE) Shares Up 6.5% – Time to Buy?

Greenidge Generation Holdings Inc. (NASDAQ:GREE) rose 6.5% during mid-day trading on Thursday . The stock traded as high as $1.71 and last traded at $1.65. Approximately 380,981 shares changed hands during trading, a decline of 22% from the average daily volume of 489,404 shares. The stock had previously closed at $1.55.

Greenidge Generation Stock Performance

The company’s 50 day moving average is $2.19 and its 200-day moving average is $2.27.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Greenidge Generation stock. XTX Topco Ltd acquired a new stake in Greenidge Generation Holdings Inc. (NASDAQ:GREE) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 15,222 shares of the company’s stock, valued at approximately $41,000. XTX Topco Ltd owned approximately 0.16% of Greenidge Generation at the end of the most recent quarter. 8.50% of the stock is owned by institutional investors.

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.