Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026 (NASDAQ:GREEL) Short Interest Down 31.5% in February

Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026 (NASDAQ:GREELGet Free Report) was the recipient of a large decrease in short interest in the month of February. As of February 27th, there was short interest totaling 1,324 shares, a decrease of 31.5% from the February 12th total of 1,933 shares. Based on an average daily volume of 503 shares, the days-to-cover ratio is currently 2.6 days. Based on an average daily volume of 503 shares, the days-to-cover ratio is currently 2.6 days.

Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026 Trading Down 2.4%

NASDAQ:GREEL traded down $0.50 during mid-day trading on Friday, reaching $20.50. 1,068 shares of the stock were exchanged, compared to its average volume of 4,665. 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 company has a 50 day simple moving average of $20.18 and a 200-day simple moving average of $16.01.

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

The firm 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. The ex-dividend date was Thursday, January 15th. This represents a $2.13 dividend on an annualized basis and a dividend yield of 10.4%.

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

(Get Free Report)

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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