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 target of a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 3,280 shares, a growth of 34.9% from the January 15th total of 2,431 shares. Based on an average daily volume of 5,172 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily volume of 5,172 shares, the days-to-cover ratio is currently 0.6 days.

Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026 Trading Down 0.1%

GREEL traded down $0.01 during trading on Monday, reaching $18.99. The company had a trading volume of 4,648 shares, compared to its average volume of 5,174. The firm’s 50-day simple moving average is $19.31 and its 200 day simple moving average is $14.49. Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026 has a 12-month low of $6.33 and a 12-month high of $22.06.

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

The company also recently declared a quarterly dividend, which was paid on Saturday, January 31st. Stockholders of record on Thursday, January 15th were issued a dividend of $0.5313 per share. The ex-dividend date was Thursday, January 15th. This represents a $2.13 dividend on an annualized basis and a dividend yield of 11.2%.

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.