Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026 (NASDAQ:GREEL) Stock Short Interest Drops 89.2%

Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026 (NASDAQ:GREEL) was the target of a significant drop in short interest in September. As of September 30th, there was short interest totaling 1,663 shares, a drop 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 presently 0.6 days.

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

GREEL opened at $25.37 on Friday. Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026 has a 12-month low of $11.23 and a 12-month high of $25.47. The firm’s fifty day moving average price is $24.95 and its 200 day moving average price is $22.79.

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

The business also recently announced a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th were paid a $0.5312 dividend. This represents a $2.12 dividend on an annualized basis 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.