Greenidge Generation (NASDAQ:GREE) Shares Up 11.5% – Here’s What Happened

Greenidge Generation Holdings Inc. (NASDAQ:GREE) rose 11.5% during trading on Wednesday . The company traded as high as $0.87 and last traded at $0.80. Approximately 362,506 shares changed hands during mid-day trading, a decline of 20% from the average daily volume of 451,124 shares. The stock had previously closed at $0.72.

Greenidge Generation Trading Up 11.5 %

The firm’s 50-day moving average is $0.81 and its two-hundred day moving average is $1.58.

Institutional Trading of Greenidge Generation

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

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.