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

Greenidge Generation Holdings Inc. (NASDAQ:GREEGet Free Report) was the recipient of a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 318,531 shares, a decline of 52.6% from the May 31st total of 671,550 shares. Based on an average trading volume of 218,990 shares, the short-interest ratio is presently 1.5 days. Currently, 2.6% of the company’s shares are sold short.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised Greenidge Generation to a “hold” rating in a research note on Saturday, June 6th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

Read Our Latest Stock Analysis on GREE

Hedge Funds Weigh In On Greenidge Generation

Institutional investors and hedge funds have recently made changes to their positions in the company. State Street Corp raised its stake in Greenidge Generation by 19.1% during the 4th quarter. State Street Corp now owns 79,050 shares of the company’s stock worth $117,000 after buying an additional 12,700 shares during the period. Renaissance Technologies LLC lifted its holdings in Greenidge Generation by 275.2% during the fourth quarter. Renaissance Technologies LLC now owns 77,300 shares of the company’s stock worth $114,000 after acquiring an additional 56,700 shares in the last quarter. XTX Topco Ltd lifted its holdings in Greenidge Generation by 38.3% during the fourth quarter. XTX Topco Ltd now owns 36,673 shares of the company’s stock worth $54,000 after acquiring an additional 10,161 shares in the last quarter. Jane Street Group LLC acquired a new position in Greenidge Generation in the fourth quarter valued at about $65,000. Finally, Virtu Financial LLC acquired a new position in Greenidge Generation in the fourth quarter valued at about $37,000. Institutional investors and hedge funds own 8.50% of the company’s stock.

Greenidge Generation Trading Down 5.6%

Shares of NASDAQ:GREE traded down $0.10 during mid-day trading on Wednesday, reaching $1.69. The stock had a trading volume of 377,534 shares, compared to its average volume of 189,027. The firm has a 50 day simple moving average of $1.41 and a two-hundred day simple moving average of $1.38. Greenidge Generation has a twelve month low of $1.00 and a twelve month high of $2.42. The firm has a market cap of $28.49 million, a PE ratio of 4.45 and a beta of 3.07.

Greenidge Generation (NASDAQ:GREEGet Free Report) last issued its quarterly earnings data on Friday, May 15th. The company reported ($0.29) earnings per share (EPS) for the quarter. Greenidge Generation had a net margin of 10.38% and a negative return on equity of 12.10%. The firm had revenue of $20.83 million for the quarter.

Greenidge Generation Company Profile

(Get Free Report)

Greenidge Generation Holdings Inc is an energy and digital asset company that operates a natural gas–fired power plant alongside an on-site Bitcoin mining facility. The company’s primary business activities include generating electricity for the New York power grid and leveraging that generation capacity to support high-performance cryptocurrency mining. Through these complementary operations, Greenidge seeks to optimize power utilization while capitalizing on growing demand for digital assets.

The company’s core power generation assets are located in Dresden, New York, where it repurposed a former coal-fired plant under Atlas Holdings’ ownership and converted it to a combined-cycle natural gas facility.

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