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 large drop in short interest in June. As of June 30th, there was short interest totaling 1,489 shares, a drop of 79.4% from the June 15th total of 7,217 shares. Based on an average trading volume of 2,765 shares, the short-interest ratio is presently 0.5 days.

Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026 Stock Up 0.8%

Shares of NASDAQ GREEL traded up $0.19 during midday trading on Friday, hitting $24.19. 1,479 shares of the company’s stock were exchanged, compared to its average volume of 3,972. Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026 has a 12-month low of $7.50 and a 12-month high of $24.25. The business’s fifty day moving average price is $21.31 and its two-hundred day moving average price is $20.54.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be given a dividend of $0.5313 per share. The ex-dividend date is Wednesday, July 15th. This represents a $2.12 annualized dividend and a yield of 8.8%.

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.