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

Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026 (NASDAQ:GREEL) saw a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 8,600 shares, a growth of 230.8% from the January 15th total of 2,600 shares. Based on an average daily trading volume, of 5,600 shares, the days-to-cover ratio is presently 1.5 days.

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

Shares of GREEL traded up $0.04 during midday trading on Wednesday, reaching $9.90. The stock had a trading volume of 1,032 shares, compared to its average volume of 4,505. The company’s fifty day simple moving average is $9.83 and its two-hundred day simple moving average is $9.53. Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026 has a 1-year low of $8.05 and a 1-year high of $13.00.

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

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 15th were issued a dividend of $0.5313 per share. This represents a $2.13 dividend on an annualized basis and a yield of 21.48%. The ex-dividend date of this dividend was Wednesday, January 15th.

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

Greenidge Generation Holdings Inc operates as an integrated cryptocurrency datacenter and power generation company. The company owns and operates cryptocurrency datacenters in New York and South Carolina. It also owns and operates a 106 MW power generation facility. The company was founded in 1937 and is based in Fairfield, Connecticut.