Short Interest in Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026 (NASDAQ:GREEL) Drops By 29.2%

Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026 (NASDAQ:GREEL) was the target of a significant drop in short interest in January. As of January 15th, there was short interest totaling 2,431 shares, a drop of 29.2% from the December 31st total of 3,434 shares. Based on an average trading volume of 5,691 shares, the short-interest ratio is presently 0.4 days. Based on an average trading volume of 5,691 shares, the short-interest ratio is presently 0.4 days.

Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026 Price Performance

NASDAQ GREEL opened at $21.70 on Friday. Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026 has a twelve month low of $6.33 and a twelve month high of $22.06. The stock has a 50-day simple moving average of $18.60 and a 200 day simple moving average of $13.60.

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

The company also recently declared a quarterly dividend, which will be paid on Saturday, January 31st. Stockholders of record on Thursday, January 15th will be given a dividend of $0.5313 per share. This represents a $2.13 dividend on an annualized basis and a dividend yield of 9.8%. The ex-dividend date of this dividend is Thursday, January 15th.

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.