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) saw a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 3,934 shares, a growth of 164.2% from the June 30th total of 1,489 shares. Based on an average daily volume of 2,961 shares, the days-to-cover ratio is currently 1.3 days.

Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026 Price Performance

NASDAQ:GREEL remained flat at $24.80 on Tuesday. 6,119 shares of the company traded hands, compared to its average volume of 4,249. The company’s 50 day moving average price is $22.34 and its 200 day moving average price is $21.02. Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026 has a fifty-two week low of $7.81 and a fifty-two week high of $24.90.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be issued a dividend of $0.5313 per share. The ex-dividend date is Wednesday, July 15th. This represents a $2.12 annualized dividend 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.