Cipher Mining Inc. (NASDAQ:CIFRW) Short Interest Update

Cipher Mining Inc. (NASDAQ:CIFRW) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totalling 15,500 shares, an increase of 453.6% from the May 31st total of 2,800 shares. Based on an average daily trading volume, of 90,000 shares, the days-to-cover ratio is currently 0.2 days.

Cipher Mining Price Performance

Shares of CIFRW stock traded down $0.01 during mid-day trading on Friday, hitting $1.35. 7,959 shares of the company’s stock were exchanged, compared to its average volume of 150,329. Cipher Mining has a fifty-two week low of $0.32 and a fifty-two week high of $2.25. The stock has a 50-day simple moving average of $1.18 and a two-hundred day simple moving average of $1.14.

About Cipher Mining

Cipher Mining Inc, together with its subsidiaries, engages in the development and operation of industrial scale bitcoin mining data centers in the United States. The company was incorporated in 2020 and is based in New York, New York. Cipher Mining Inc operates as a subsidiary of Bitfury Holding B.V.