Greenidge Generation Holdings Inc. (NASDAQ:GREE) Short Interest Down 28.1% in March

Greenidge Generation Holdings Inc. (NASDAQ:GREE) was the target of a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 571,700 shares, a decline of 28.1% from the February 28th total of 794,700 shares. Approximately 7.5% of the company’s shares are sold short. Based on an average daily volume of 256,000 shares, the short-interest ratio is currently 2.2 days.

Greenidge Generation Stock Down 10.9 %

Shares of NASDAQ:GREE traded down $0.09 on Monday, reaching $0.73. 294,433 shares of the company traded hands, compared to its average volume of 450,921. Greenidge Generation has a 52 week low of $0.72 and a 52 week high of $3.84. The business’s 50-day simple moving average is $1.11 and its 200 day simple moving average is $1.74.

Hedge Funds Weigh In On Greenidge Generation

A hedge fund recently bought a new stake in Greenidge Generation stock. Soviero Asset Management LP bought a new position in Greenidge Generation Holdings Inc. (NASDAQ:GREE) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 251,147 shares of the company’s stock, valued at approximately $389,000. Soviero Asset Management LP owned 2.25% of Greenidge Generation as of its most recent SEC filing. 8.50% of the stock is owned by institutional investors.

Greenidge Generation Company Profile

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.