Short Interest in Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026 (NASDAQ:GREEL) Drops By 22.5%

Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026 (NASDAQ:GREEL) was the target of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totalling 5,500 shares, a decrease of 22.5% from the September 30th total of 7,100 shares. Based on an average daily volume of 7,400 shares, the days-to-cover ratio is presently 0.7 days.

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

Shares of GREEL traded down $0.19 during mid-day trading on Wednesday, hitting $9.20. 1,732 shares of the company traded hands, compared to its average volume of 7,784. Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026 has a one year low of $5.84 and a one year high of $13.00. The business has a 50-day moving average of $8.98 and a 200 day moving average of $9.72.

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

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be paid a dividend of $0.5313 per share. The ex-dividend date is Tuesday, October 15th. This represents a $2.13 annualized dividend and a dividend yield of 23.10%.

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.