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

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

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

Shares of GREEL stock opened at $20.50 on Monday. The stock has a 50-day moving average of $20.18 and a 200-day moving average of $16.12. 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.

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

The business also recently announced a quarterly dividend, which was paid on Saturday, January 31st. Investors of record on Thursday, January 15th were issued a $0.5313 dividend. The ex-dividend date was Thursday, January 15th. This represents a $2.13 annualized dividend and a yield of 10.4%.

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.