Greenidge Generation Holdings Inc. (NASDAQ:GREE) Sees Large Drop in Short Interest

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

Greenidge Generation Trading Up 8.1 %

Shares of GREE traded up $0.20 during trading hours on Friday, hitting $2.67. The stock had a trading volume of 40,205,141 shares, compared to its average volume of 462,919. Greenidge Generation has a 12-month low of $1.62 and a 12-month high of $9.26. The company’s fifty day simple moving average is $2.14 and its 200 day simple moving average is $2.43.

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

Institutional Trading of Greenidge Generation

A hedge fund recently bought a new stake in Greenidge Generation stock. XTX Topco Ltd purchased a new stake in Greenidge Generation Holdings Inc. (NASDAQ:GREE) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 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 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.