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

Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026 (NASDAQ:GREEL) saw a large drop in short interest in July. As of July 31st, there was short interest totaling 967 shares, a drop of 75.4% from the July 15th total of 3,934 shares. Based on an average daily volume of 6,812 shares, the short-interest ratio is presently 0.1 days.

Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026 Stock Down 0.0%

Shares of GREEL stock traded down $0.01 during trading hours on Thursday, reaching $24.79. 4,636 shares of the stock were exchanged, compared to its average volume of 4,164. The business’s fifty day moving average is $23.23 and its two-hundred day moving average is $21.38. 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 was paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th were given a $0.5313 dividend. The ex-dividend date of this dividend was Wednesday, July 15th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 8.6%.

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

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.