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

Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026 (NASDAQ:GREEL) saw a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 1,489 shares, a drop of 79.4% from the June 15th total of 7,217 shares. Based on an average daily volume of 2,765 shares, the days-to-cover ratio is currently 0.5 days.

Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026 Trading Down 2.6%

GREEL stock traded down $0.64 during midday trading on Monday, hitting $23.55. The company’s stock had a trading volume of 1,537 shares, compared to its average volume of 3,952. Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026 has a 12 month low of $7.50 and a 12 month high of $24.25. The company has a 50 day moving average of $21.39 and a two-hundred day moving average of $20.59.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be given a dividend of $0.5313 per share. The ex-dividend date is Wednesday, July 15th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 9.0%.

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.