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 large increase in short interest during the month of January. As of January 30th, there was short interest totaling 3,280 shares, an increase of 34.9% from the January 15th total of 2,431 shares. Based on an average daily volume of 5,172 shares, the short-interest ratio is presently 0.6 days. Based on an average daily volume of 5,172 shares, the short-interest ratio is presently 0.6 days.

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

Shares of NASDAQ:GREEL traded down $0.01 during trading on Tuesday, reaching $18.98. 305 shares of the stock were exchanged, compared to its average volume of 5,010. 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. The stock has a fifty day moving average of $19.36 and a two-hundred day moving average of $14.57.

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

The business also recently announced a quarterly dividend, which was paid on Saturday, January 31st. Stockholders of record on Thursday, January 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 11.2%. The ex-dividend date of this dividend was 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.