Short Interest in Greenidge Generation Holdings Inc. (NASDAQ:GREE) Rises By 174.4%

Greenidge Generation Holdings Inc. (NASDAQ:GREE) was the target of a large growth in short interest in the month of November. As of November 30th, there was short interest totalling 1,290,000 shares, a growth of 174.4% from the November 15th total of 470,100 shares. Currently, 15.5% of the shares of the company are sold short. Based on an average trading volume of 1,120,000 shares, the days-to-cover ratio is presently 1.2 days.

Greenidge Generation Stock Performance

GREE traded down $0.01 during trading on Friday, reaching $2.14. 216,608 shares of the company were exchanged, compared to its average volume of 493,380. Greenidge Generation has a 12-month low of $1.62 and a 12-month high of $9.26. The company’s 50-day moving average is $2.31 and its two-hundred day moving average is $2.39.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Greenidge Generation stock. XTX Topco Ltd acquired a new stake in shares of Greenidge Generation Holdings Inc. (NASDAQ:GREE) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 15,222 shares of the company’s stock, valued at approximately $41,000. XTX Topco Ltd owned approximately 0.16% of Greenidge Generation as of its most recent filing with the SEC. 8.50% of the stock is currently owned by hedge funds and other institutional investors.

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.