Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026 (NASDAQ:GREEL – Get Free Report) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 3,934 shares, a growth 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 presently 1.3 days.
Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026 Stock Performance
Shares of NASDAQ:GREEL traded down $0.09 on Monday, reaching $24.75. The company’s stock had a trading volume of 4,467 shares, compared to its average volume of 4,235. Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026 has a 52-week low of $7.81 and a 52-week high of $24.90. The company has a 50-day simple moving average of $22.26 and a 200 day simple moving average of $20.98.
Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026 Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be issued a $0.5313 dividend. The ex-dividend date of this dividend is 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.
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