Greenidge Generation (NASDAQ:GREE) Stock Price Down 0.2% – Here’s Why

Shares of Greenidge Generation Holdings Inc. (NASDAQ:GREE) fell 0.2% during trading on Tuesday . The stock traded as low as $0.84 and last traded at $0.88. 150,555 shares were traded during trading, a decline of 67% from the average session volume of 452,802 shares. The stock had previously closed at $0.88.

Greenidge Generation Trading Down 0.2 %

The company’s fifty day moving average is $1.16 and its 200 day moving average is $1.76.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Greenidge Generation stock. Soviero Asset Management LP purchased a new position in Greenidge Generation Holdings Inc. (NASDAQ:GREE) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 251,147 shares of the company’s stock, valued at approximately $389,000. Soviero Asset Management LP owned 2.25% of Greenidge Generation at the end of the most recent reporting period. Institutional investors and hedge funds 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.