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 significant growth in short interest in September. As of September 15th, there was short interest totaling 15,367 shares, a growth of 409.2% from the August 31st total of 3,018 shares. Based on an average daily trading volume, of 10,178 shares, the days-to-cover ratio is presently 1.5 days.

Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026 Trading Down 0.0%

Shares of GREEL stock traded down $0.01 during trading hours on Friday, hitting $25.29. 2,539 shares of the company’s stock were exchanged, compared to its average volume of 4,487. Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026 has a fifty-two week low of $9.18 and a fifty-two week high of $25.30. The firm has a 50 day moving average of $24.83 and a two-hundred day moving average of $22.44.

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

The business also recently declared a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Wednesday, July 15th were issued a $0.5312 dividend. This represents a $2.12 annualized dividend and a yield of 8.4%. The ex-dividend date of this dividend was Wednesday, July 15th.

About Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026

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.