Short Interest in Greenidge Generation Holdings Inc. (NASDAQ:GREE) Expands By 8.4%

Greenidge Generation Holdings Inc. (NASDAQ:GREE) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totalling 384,500 shares, an increase of 8.4% from the September 15th total of 354,800 shares. Approximately 5.0% of the shares of the company are sold short. Based on an average daily volume of 156,700 shares, the short-interest ratio is presently 2.5 days.

Hedge Funds Weigh In On Greenidge Generation

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

Greenidge Generation Stock Down 8.3 %

Shares of Greenidge Generation stock traded down $0.20 during trading on Thursday, hitting $2.21. 80,309 shares of the stock were exchanged, compared to its average volume of 245,647. The stock’s fifty day moving average is $1.91 and its 200 day moving average is $2.50. Greenidge Generation has a 12 month low of $1.62 and a 12 month high of $9.26.

Greenidge Generation (NASDAQ:GREE) last released its quarterly earnings results on Wednesday, August 14th. The company reported ($0.55) EPS for the quarter, missing the consensus estimate 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. As a group, equities analysts expect that Greenidge Generation will post -1.81 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, B. Riley lowered their target price on shares of Greenidge Generation from $5.00 to $4.00 and set a “buy” rating for the company in a research note on Friday, July 12th.

About Greenidge Generation

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.