Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026 (NASDAQ:GREEL) Short Interest Up 225.5% in June

Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026 (NASDAQ:GREEL) was the target of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 7,217 shares, a growth of 225.5% from the May 31st total of 2,217 shares. Based on an average trading 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 Stock Down 0.2%

NASDAQ:GREEL traded down $0.05 during trading on Friday, reaching $21.75. The company’s stock had a trading volume of 186 shares, compared to its average volume of 4,010. Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026 has a 12 month low of $7.50 and a 12 month high of $22.95. The firm has a 50 day moving average of $20.86 and a 200-day moving average of $20.14.

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

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

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.