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

Greenidge Generation Holdings Inc. (NASDAQ:GREEGet Rating) was the target of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 398,000 shares, an increase of 50.1% from the March 15th total of 265,100 shares. Based on an average daily volume of 0 shares, the short-interest ratio is presently ∞ days.

Several large investors have recently modified their holdings of the company. Renaissance Technologies LLC purchased a new position in shares of Greenidge Generation during the third quarter worth approximately $10,581,000. B. Riley Financial Inc. purchased a new position in Greenidge Generation during the third quarter valued at approximately $6,168,000. Exchange Traded Concepts LLC purchased a new position in Greenidge Generation during the fourth quarter valued at approximately $3,283,000. Voss Capital LLC purchased a new position in Greenidge Generation during the third quarter valued at approximately $4,856,000. Finally, Emerald Mutual Fund Advisers Trust increased its holdings in Greenidge Generation by 271.3% during the fourth quarter. Emerald Mutual Fund Advisers Trust now owns 154,913 shares of the company’s stock valued at $2,486,000 after buying an additional 113,187 shares during the period. 19.01% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:GREE traded down $0.30 during trading on Friday, reaching $8.19. 280,106 shares of the company were exchanged, compared to its average volume of 1,687,461. The business’s fifty day simple moving average is $9.27. Greenidge Generation has a 12-month low of $2.32 and a 12-month high of $60.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.41 and a current ratio of 2.41.

Several analysts have issued reports on the stock. B. Riley decreased their price objective on shares of Greenidge Generation from $82.00 to $45.00 in a research note on Wednesday, January 5th. Stifel Nicolaus initiated coverage on shares of Greenidge Generation in a research report on Friday, March 25th. They set a “hold” rating and a $10.00 target price on the stock. Finally, Zacks Investment Research lowered shares of Greenidge Generation from a “buy” rating to a “hold” rating in a research report on Tuesday.

Greenidge Generation Company Profile (Get Rating)

Greenidge Generation Holdings Inc operates an integrated bitcoin mining and power generation facility in the Town of Torrey, New York. It owns and operates data centers for bitcoin mining and blockchain services. As of September 30, 2021, the company had approximately 15,300 miners. It also generates and distributes electricity through a natural gas power generation facility with an installed capacity of 106 megawatt located in New York.

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