Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026 (NASDAQ:GREEL) Short Interest Up 164.2% in July

Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026 (NASDAQ:GREEL) was the recipient of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 3,934 shares, an increase of 164.2% from the June 30th total of 1,489 shares. Based on an average daily volume of 2,961 shares, the days-to-cover ratio is currently 1.3 days.

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

Shares of NASDAQ GREEL traded down $0.09 during trading hours on Monday, hitting $24.75. 4,467 shares of the company traded hands, compared to its average volume of 4,235. The company’s 50 day moving average price is $22.26 and its 200 day moving average price is $20.98. Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026 has a 12 month low of $7.81 and a 12 month high of $24.90.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be paid a dividend of $0.5313 per share. This represents a $2.12 annualized dividend and a yield of 8.6%. The ex-dividend date of this dividend is Wednesday, July 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.