Greenidge Generation Holdings Inc. (NASDAQ:GREE) Sees Large Increase in Short Interest

Greenidge Generation Holdings Inc. (NASDAQ:GREE) saw a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 470,100 shares, a growth of 62.8% from the October 31st total of 288,800 shares. Based on an average trading volume of 1,060,000 shares, the short-interest ratio is presently 0.4 days. Approximately 5.6% of the shares of the company are sold short.

Greenidge Generation Trading Up 8.1 %

Shares of Greenidge Generation stock traded up $0.18 during trading hours on Friday, reaching $2.41. 708,463 shares of the stock traded hands, compared to its average volume of 2,992,394. Greenidge Generation has a one year low of $1.62 and a one year high of $9.26. The company has a 50 day moving average price of $2.23 and a 200 day moving average price of $2.41.

Institutional Trading of Greenidge Generation

A hedge fund recently bought a new stake in Greenidge Generation stock. XTX Topco Ltd purchased a new position in Greenidge Generation Holdings Inc. (NASDAQ:GREE) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,222 shares of the company’s stock, valued at approximately $41,000. XTX Topco Ltd owned approximately 0.16% of Greenidge Generation as of its most recent SEC filing. Hedge funds and other institutional investors own 8.50% of the company’s stock.

About Greenidge Generation

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.