Greenidge Generation (NASDAQ:GREE) Stock Price Down 0.2% – Time to Sell?

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

Greenidge Generation Stock Performance

The stock has a 50 day simple moving average of $1.13 and a 200 day simple moving average of $1.75.

Hedge Funds Weigh In On Greenidge Generation

An institutional investor recently bought a new position 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 Form 13F filing with the Securities & Exchange Commission. The firm 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 quarter. Institutional investors 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.