Short Interest in Greenidge Generation Holdings Inc. (NASDAQ:GREE) Grows By 53.3%

Greenidge Generation Holdings Inc. (NASDAQ:GREE) was the recipient 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. Currently, 8.8% of the shares of the company are short sold. Based on an average daily volume of 507,000 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Investors Weigh In On Greenidge Generation

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State Street Corp raised its stake in Greenidge Generation by 59.5% during the 1st quarter. State Street Corp now owns 290,678 shares of the company’s stock valued at $131,000 after buying an additional 108,470 shares during the last quarter. Bridgeway Capital Management LLC purchased a new position in shares of Greenidge Generation in the 4th quarter worth $114,000. Renaissance Technologies LLC grew its holdings in shares of Greenidge Generation by 15.4% in 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 during the period. Penserra Capital Management LLC purchased a new stake in Greenidge Generation during the first quarter valued at $93,000. Finally, Deutsche Bank AG lifted its holdings in Greenidge Generation by 2,967.6% in the first quarter. Deutsche Bank AG now owns 162,461 shares of the company’s stock valued at $73,000 after acquiring an additional 157,165 shares during the period. Hedge funds and other institutional investors own 8.50% of the company’s stock.

Greenidge Generation Stock Up 0.3 %

GREE traded up $0.01 during midday trading on Friday, hitting $3.50. 274,230 shares of the company traded hands, compared to its average volume of 290,325. The company’s 50-day moving average is $3.77 and its 200 day moving average is $4.57. Greenidge Generation has a 52 week low of $1.55 and a 52 week high of $9.26. The firm has a market capitalization of $25.76 million, a PE ratio of -0.09 and a beta of 3.37.

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.