Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026 (NASDAQ:GREEL) Trading Down 2.9% – Time to Sell?

Greenidge Generation Holdings Inc. 8.50% Senior Notes due 2026 (NASDAQ:GREEL) fell 2.9% during trading on Thursday . The company traded as low as $7.29 and last traded at $7.29. 1,805 shares were traded during mid-day trading, a decline of 71% from the average session volume of 6,253 shares. The stock had previously closed at $7.51.

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

The firm has a 50-day simple moving average of $9.22 and a two-hundred day simple moving average of $9.40.

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

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 15th were issued a $0.5313 dividend. The ex-dividend date was Wednesday, January 15th. This represents a $2.13 annualized dividend and a yield of 29.13%.

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.