Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026 (NASDAQ:GREEL – Get Free Report) was the recipient of a significant increase in short interest in July. As of July 15th, there was short interest totaling 3,934 shares, an increase of 164.2% from the June 30th total of 1,489 shares. Based on an average daily trading volume, of 2,961 shares, the days-to-cover ratio is currently 1.3 days.
Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026 Stock Performance
Shares of Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026 stock remained flat at $24.80 during trading on Wednesday. 6,119 shares of the stock traded hands, compared to its average volume of 4,249. Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026 has a 52-week low of $7.81 and a 52-week high of $24.90. The company’s 50 day moving average price is $22.43 and its 200-day moving average price is $21.06.
Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026 Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be given a dividend of $0.5313 per share. This represents a $2.12 annualized dividend and a yield of 8.6%. The ex-dividend date is Wednesday, July 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.
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