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

Greenidge Generation Holdings Inc. (NASDAQ:GREE) was the target of a significant increase in short interest in March. As of March 15th, there was short interest totalling 368,800 shares, an increase of 53.3% from the February 29th total of 240,600 shares. Approximately 8.8% of the company’s stock are sold short. Based on an average daily volume of 507,000 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in GREE. State Street Corp lifted its stake in Greenidge Generation by 59.5% in the 1st quarter. State Street Corp now owns 290,678 shares of the company’s stock valued at $131,000 after purchasing an additional 108,470 shares during the last quarter. Bridgeway Capital Management LLC bought a new position in Greenidge Generation during the 4th quarter worth $114,000. Renaissance Technologies LLC raised its stake in Greenidge Generation by 15.4% during the fourth quarter. Renaissance Technologies LLC now owns 356,450 shares of the company’s stock worth $103,000 after acquiring an additional 47,650 shares in the last quarter. Penserra Capital Management LLC bought a new stake in Greenidge Generation during the 1st quarter worth $93,000. Finally, Deutsche Bank AG boosted its position in Greenidge Generation by 2,967.6% during the 1st quarter. Deutsche Bank AG now owns 162,461 shares of the company’s stock worth $73,000 after buying an additional 157,165 shares during the period. Institutional investors and hedge funds own 8.50% of the company’s stock.

Greenidge Generation Stock Up 0.3 %

GREE traded up $0.01 during trading hours on Friday, hitting $3.50. 274,230 shares of the company’s stock were exchanged, compared to its average volume of 290,325. Greenidge Generation has a 1-year low of $1.55 and a 1-year high of $9.26. The stock has a market cap of $25.76 million, a price-to-earnings ratio of -0.09 and a beta of 3.37. The stock’s 50-day moving average is $3.77 and its two-hundred day moving average is $4.57.

About Greenidge Generation

Greenidge Generation Holdings Inc operates as an integrated cryptocurrency datacenter and power generation company. The company owns and operates cryptocurrency datacenters in New York and South Carolina. It also owns and operates a 106 MW nameplate natural gas power generation facility. The company was founded in 1937 and is headquartered in Dresden, New York.