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 June. As of June 15th, there was short interest totaling 7,217 shares, an increase of 225.5% from the May 31st total of 2,217 shares. Based on an average daily volume of 3,107 shares, the days-to-cover ratio is presently 2.3 days.

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

NASDAQ GREEL traded up $0.02 during trading hours on Monday, reaching $21.77. The stock had a trading volume of 268 shares, compared to its average volume of 3,976. The stock has a fifty day moving average of $20.86 and a 200 day moving average of $20.17. Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026 has a 52-week low of $7.50 and a 52-week high of $22.95.

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

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Wednesday, April 15th were paid a dividend of $0.5313 per share. This represents a $2.12 annualized dividend and a yield of 9.8%. The ex-dividend date was Wednesday, April 15th.

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.