Greenidge Generation Holdings Inc. (NASDAQ:GREE) Short Interest Down 15.5% in January

Greenidge Generation Holdings Inc. (NASDAQ:GREE) was the target of a large decrease in short interest during the month of January. As of January 15th, there was short interest totaling 537,945 shares, a decrease of 15.5% from the December 31st total of 636,501 shares. Approximately 4.7% of the company’s shares are short sold. Based on an average daily volume of 180,432 shares, the short-interest ratio is presently 3.0 days. Based on an average daily volume of 180,432 shares, the short-interest ratio is presently 3.0 days. Approximately 4.7% of the company’s shares are short sold.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on GREE shares. Wall Street Zen upgraded Greenidge Generation from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Greenidge Generation in a report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Greenidge Generation Stock Down 6.1%

Shares of NASDAQ:GREE traded down $0.08 during trading on Tuesday, hitting $1.23. The stock had a trading volume of 145,807 shares, compared to its average volume of 144,591. Greenidge Generation has a 12 month low of $0.58 and a 12 month high of $2.42. The company has a market capitalization of $19.43 million, a PE ratio of 15.38 and a beta of 3.23. The firm’s fifty day moving average is $1.56 and its 200 day moving average is $1.61.

Greenidge Generation (NASDAQ:GREE) last posted its quarterly earnings data on Thursday, November 13th. The company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.47) by $1.22. The firm had revenue of $26.87 million during the quarter, compared to the consensus estimate of $14.00 million.

Institutional Investors Weigh In On Greenidge Generation

Hedge funds have recently bought and sold shares of the business. XTX Topco Ltd purchased a new stake in Greenidge Generation in the second quarter worth about $41,000. Jane Street Group LLC boosted its position in shares of Greenidge Generation by 448.8% in the 2nd quarter. Jane Street Group LLC now owns 60,992 shares of the company’s stock worth $79,000 after purchasing an additional 49,878 shares in the last quarter. Finally, GSA Capital Partners LLP grew its stake in shares of Greenidge Generation by 14.3% in the 3rd quarter. GSA Capital Partners LLP now owns 135,437 shares of the company’s stock worth $246,000 after buying an additional 16,914 shares during the last quarter. Institutional investors own 8.50% of the company’s stock.

Greenidge Generation Company Profile

Greenidge Generation Holdings Inc is an energy and digital asset company that operates a natural gas–fired power plant alongside an on-site Bitcoin mining facility. The company’s primary business activities include generating electricity for the New York power grid and leveraging that generation capacity to support high-performance cryptocurrency mining. Through these complementary operations, Greenidge seeks to optimize power utilization while capitalizing on growing demand for digital assets.

The company’s core power generation assets are located in Dresden, New York, where it repurposed a former coal-fired plant under Atlas Holdings’ ownership and converted it to a combined-cycle natural gas facility.