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 decline in short interest in the month of January. As of January 15th, there was short interest totaling 2,431 shares, a decline of 29.2% from the December 31st total of 3,434 shares. Based on an average daily trading volume, of 5,691 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 5,691 shares, the days-to-cover ratio is presently 0.4 days.

Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026 Stock Down 0.2%

GREEL opened at $21.70 on Friday. The firm’s fifty day moving average price is $18.60 and its two-hundred day moving average price is $13.60. Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026 has a 1 year low of $6.33 and a 1 year high of $22.06.

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

The business also recently announced a quarterly dividend, which will be paid on Saturday, January 31st. Shareholders of record on Thursday, January 15th will be issued a dividend of $0.5313 per share. This represents a $2.13 dividend on an annualized basis and a yield of 9.8%. The ex-dividend date of this dividend is Thursday, January 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.