Greenidge Generation Holdings Inc. (NASDAQ:GREE) Short Interest Update

Greenidge Generation Holdings Inc. (NASDAQ:GREE) saw a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 318,531 shares, a decrease of 52.6% from the May 31st total of 671,550 shares. Based on an average daily volume of 218,990 shares, the days-to-cover ratio is currently 1.5 days. Approximately 2.6% of the company’s shares are sold short.

Greenidge Generation Stock Up 3.5%

GREE traded up $0.06 on Tuesday, reaching $1.79. 204,102 shares of the company traded hands, compared to its average volume of 187,420. The company has a market cap of $30.18 million, a P/E ratio of 4.71 and a beta of 3.07. Greenidge Generation has a one year low of $1.00 and a one year high of $2.42. The firm has a fifty day simple moving average of $1.41 and a two-hundred day simple moving average of $1.38.

Greenidge Generation (NASDAQ:GREE) last issued its earnings results on Friday, May 15th. The company reported ($0.29) EPS for the quarter. Greenidge Generation had a negative return on equity of 12.10% and a net margin of 10.38%.The company had revenue of $20.83 million during the quarter.

Institutional Investors Weigh In On Greenidge Generation

Institutional investors and hedge funds have recently bought and sold shares of the company. Virtu Financial LLC bought a new position in shares of Greenidge Generation during the 4th quarter worth $37,000. XTX Topco Ltd bought a new stake in shares of Greenidge Generation in the second quarter valued at about $41,000. Jane Street Group LLC purchased a new stake in Greenidge Generation in the fourth quarter worth about $65,000. Renaissance Technologies LLC grew its holdings in Greenidge Generation by 14.2% during the 1st quarter. Renaissance Technologies LLC now owns 88,300 shares of the company’s stock worth $97,000 after acquiring an additional 11,000 shares in the last quarter. Finally, State Street Corp increased its position in Greenidge Generation by 19.1% during the 4th quarter. State Street Corp now owns 79,050 shares of the company’s stock valued at $117,000 after purchasing an additional 12,700 shares during the period. 8.50% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded Greenidge Generation to a “hold” rating in a report on Saturday, June 6th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

About Greenidge Generation

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.