Greenidge Generation (NASDAQ:GREE) Trading Up 6.5% – Still a Buy?

Greenidge Generation Holdings Inc. (NASDAQ:GREE)’s stock price traded up 6.5% during mid-day trading on Thursday . The stock traded as high as $1.71 and last traded at $1.65. Approximately 380,981 shares changed hands during trading, a decline of 22% from the average session volume of 489,404 shares. The stock had previously closed at $1.55.

Greenidge Generation Price Performance

The company’s 50-day simple moving average is $2.19 and its 200-day simple moving average is $2.27.

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 position in shares of Greenidge Generation Holdings Inc. (NASDAQ:GREE) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & 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. Hedge funds and other institutional investors own 8.50% of the company’s stock.

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.