Greenidge Generation Holdings Inc. (NASDAQ:GREE) Short Interest Down 28.6% in September

Greenidge Generation Holdings Inc. (NASDAQ:GREE) was the target of a large drop in short interest during the month of September. As of September 15th, there was short interest totalling 354,800 shares, a drop of 28.6% from the August 31st total of 496,700 shares. Based on an average daily trading volume, of 167,700 shares, the short-interest ratio is presently 2.1 days. Currently, 4.7% of the company’s shares are short sold.

Institutional Investors Weigh In On Greenidge Generation

A hedge fund recently bought a new stake in Greenidge Generation stock. XTX Topco Ltd bought a new stake in shares of Greenidge Generation Holdings Inc. (NASDAQ:GREE) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 15,222 shares of the company’s stock, valued at approximately $41,000. XTX Topco Ltd owned 0.16% of Greenidge Generation at the end of the most recent reporting period. 8.50% of the stock is currently owned by institutional investors.

Greenidge Generation Trading Up 0.5 %

NASDAQ GREE traded up $0.01 during trading hours on Friday, reaching $1.96. The company had a trading volume of 237,942 shares, compared to its average volume of 251,791. The stock has a 50-day moving average of $2.06 and a 200 day moving average of $2.64. Greenidge Generation has a 1-year low of $1.62 and a 1-year high of $9.26.

Greenidge Generation (NASDAQ:GREE) last posted its quarterly earnings data on Wednesday, August 14th. The company reported ($0.55) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.18). The company had revenue of $13.06 million for the quarter, compared to analysts’ expectations of $16.10 million. On average, sell-side analysts anticipate that Greenidge Generation will post -1.81 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, B. Riley lowered their price objective on Greenidge Generation from $5.00 to $4.00 and set a “buy” rating for the company in a research report on Friday, July 12th.

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.