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

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

Greenidge Generation Trading Up 8.1 %

Shares of NASDAQ:GREE traded up $0.20 during trading on Friday, reaching $2.67. 40,205,141 shares of the stock were exchanged, 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 stock has a 50-day moving average price of $2.14 and a 200-day moving average price of $2.43.

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

Institutional Investors Weigh In On Greenidge Generation

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

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.