Greenidge Generation (NASDAQ:GREE) Trading Down 6.2% – What’s Next?

Greenidge Generation Holdings Inc. (NASDAQ:GREE)’s stock price dropped 6.2% during mid-day trading on Monday . The company traded as low as $0.81 and last traded at $0.81. Approximately 275,533 shares were traded during trading, an increase of 2% from the average daily volume of 269,648 shares. The stock had previously closed at $0.86.

Greenidge Generation Trading Down 6.2 %

The business has a fifty day moving average price of $1.45 and a 200-day moving average price of $1.89.

Institutional Inflows and Outflows

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