Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026 (NASDAQ:GREEL) Short Interest Update

Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026 (NASDAQ:GREEL) was the recipient of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 3,722 shares, an increase of 284.9% from the July 30th total of 967 shares. Based on an average trading volume of 4,487 shares, the days-to-cover ratio is presently 0.8 days.

Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026 Stock Up 0.2%

GREEL stock traded up $0.05 during midday trading on Friday, hitting $24.69. The stock had a trading volume of 2,245 shares, compared to its average volume of 4,131. The company’s 50-day moving average price is $23.95 and its 200 day moving average price is $21.67. Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026 has a 12-month low of $8.44 and a 12-month high of $24.90.

Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th were given a $0.5313 dividend. The ex-dividend date of this dividend was Wednesday, July 15th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 8.6%.

Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026 Company Profile

Greenidge Generation Holdings Inc is a vertically integrated energy and digital asset company that combines natural gas–fired power generation with in-house bitcoin mining operations. The company owns and operates a baseload power plant in Dresden, New York, where it supplies electricity to the NYISO wholesale market and dedicates excess capacity to support its bitcoin mining facilities. By leveraging on-site generation, Greenidge aims to optimize costs, improve operational efficiency and reduce exposure to external power price volatility.

Originally established through the acquisition and repurposing of a former coal-fired plant, Greenidge has transitioned to a cleaner, natural gas–fueled operation since 2017.