Cryptyde (NASDAQ:TYDE) Shares Up 35.7%

Cryptyde, Inc. (NASDAQ:TYDE)’s stock price was up 35.7% during mid-day trading on Tuesday . The stock traded as high as $0.95 and last traded at $0.92. Approximately 2,209,988 shares changed hands during mid-day trading, a decline of 74% from the average daily volume of 8,425,317 shares. The stock had previously closed at $0.68.

Cryptyde Stock Performance

The company has a 50-day moving average price of $1.13 and a 200-day moving average price of $1.35. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.95 and a quick ratio of 1.95.

Institutional Trading of Cryptyde

Hedge funds and other institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC increased its position in Cryptyde by 139.0% during the first quarter. Geode Capital Management LLC now owns 704,824 shares of the company’s stock worth $59,000 after buying an additional 409,980 shares during the last quarter. BlackRock Inc. increased its position in Cryptyde by 118.4% during the first quarter. BlackRock Inc. now owns 3,599,399 shares of the company’s stock worth $299,000 after buying an additional 1,951,265 shares during the last quarter. Finally, Panagora Asset Management Inc. boosted its holdings in shares of Cryptyde by 88.4% during the first quarter. Panagora Asset Management Inc. now owns 918,139 shares of the company’s stock worth $76,000 after acquiring an additional 430,850 shares during the period. Institutional investors and hedge funds own 9.59% of the company’s stock.

Cryptyde Company Profile

Cryptyde, Inc provides bitcoin mining equipment and co-location services. It also manufactures and sells container boards, corrugated products, and specialty paper products in North America. The company was incorporated in 1966 and is headquartered in Safety Harbor, Florida.