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

Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026 (NASDAQ:GREEL) was the target of a significant increase in short interest in August. As of August 14th, there was short interest totaling 3,722 shares, an increase of 284.9% from the July 30th total of 967 shares. Based on an average daily trading volume, of 4,487 shares, the days-to-cover ratio is currently 0.8 days.

Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026 Stock Up 0.2%

NASDAQ GREEL opened at $24.63 on Thursday. Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026 has a 52 week low of $8.40 and a 52 week high of $24.90. The stock’s 50-day moving average price is $23.89 and its 200-day moving average price is $21.63.

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

The company also recently announced a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Wednesday, July 15th were issued a $0.5313 dividend. This represents a $2.12 annualized dividend and a yield of 8.6%. The ex-dividend date of this dividend was 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.