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

Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026 (NASDAQ:GREEL) was the target of a significant decrease in short interest in September. As of September 30th, there was short interest totaling 1,663 shares, a decrease of 89.2% from the September 15th total of 15,367 shares. Based on an average daily trading volume, of 2,909 shares, the days-to-cover ratio is currently 0.6 days.

Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026 Trading Down 0.1%

Shares of NASDAQ:GREEL traded down $0.03 during mid-day trading on Friday, reaching $25.37. 2,544 shares of the company traded hands, compared to its average volume of 4,579. Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026 has a 52 week low of $11.23 and a 52 week high of $25.47. The company’s 50 day moving average price is $24.95 and its 200-day moving average price is $22.80.

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

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th were given a $0.5312 dividend. This represents a $2.12 annualized dividend and a dividend yield of 8.4%. The ex-dividend date was Wednesday, July 15th.

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

Greenidge Generation Holdings Inc is a vertically integrated cryptocurrency mining and power generation company. Its primary business involves operating data centers that use specialized computing equipment to mine bitcoin, supported by the company’s ownership and operation of power-generation infrastructure.

The company’s operations are centered in the United States. Greenidge’s principal facility is located in Dresden, New York, at a former coal-fired power plant that was converted to natural-gas generation.