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

Greenidge Generation Holdings Inc. (NASDAQ:GREE) was the target of a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 571,700 shares, a decline of 28.1% from the February 28th total of 794,700 shares. Based on an average daily volume of 256,000 shares, the short-interest ratio is presently 2.2 days. Approximately 7.5% of the company’s shares are sold short.

Greenidge Generation Trading Down 4.2 %

NASDAQ GREE traded down $0.04 on Friday, reaching $0.82. The company had a trading volume of 172,666 shares, compared to its average volume of 451,547. The stock’s 50 day moving average is $1.11 and its 200-day moving average is $1.74. Greenidge Generation has a 52 week low of $0.73 and a 52 week high of $3.84.

Hedge Funds Weigh In On Greenidge Generation

A hedge fund recently bought a new stake in Greenidge Generation stock. Soviero Asset Management LP acquired a new position in shares of Greenidge Generation Holdings Inc. (NASDAQ:GREE) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm 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. 8.50% of the stock is currently owned by hedge funds and other 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.