Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026 (NASDAQ:GREEL) Sees Large Increase in Short Interest

Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026 (NASDAQ:GREELGet Free Report) was the target of a significant increase in short interest during the month of December. As of December 15th, there was short interest totaling 3,944 shares, an increase of 1,645.1% from the November 30th total of 226 shares. Based on an average daily volume of 11,533 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 11,533 shares, the days-to-cover ratio is presently 0.3 days.

Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026 Price Performance

Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026 stock opened at $18.15 on Friday. Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026 has a 52 week low of $6.33 and a 52 week high of $18.30. The company’s 50 day moving average price is $16.01 and its two-hundred day moving average price is $11.46.

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

The firm also recently declared a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Wednesday, October 15th were given a dividend of $0.5313 per share. This represents a $2.13 dividend on an annualized basis and a dividend yield of 11.7%. The ex-dividend date of this dividend was Wednesday, October 15th.

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

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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.

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