Short Interest in Gryphon Digital Mining, Inc. (NASDAQ:GRYP) Rises By 132.3%

Gryphon Digital Mining, Inc. (NASDAQ:GRYP) was the target of a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 596,400 shares, an increase of 132.3% from the October 31st total of 256,700 shares. Based on an average daily trading volume, of 644,700 shares, the days-to-cover ratio is currently 0.9 days. Approximately 1.8% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reaffirmed a “neutral” rating on shares of Gryphon Digital Mining in a research note on Friday, September 20th.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Gryphon Digital Mining stock. XTX Topco Ltd grew its stake in Gryphon Digital Mining, Inc. (NASDAQ:GRYP) by 75.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,169 shares of the company’s stock after acquiring an additional 17,296 shares during the quarter. XTX Topco Ltd owned about 0.10% of Gryphon Digital Mining worth $27,000 as of its most recent SEC filing. Institutional investors own 10.21% of the company’s stock.

Gryphon Digital Mining Stock Up 11.8 %

NASDAQ GRYP traded up $0.07 during mid-day trading on Friday, hitting $0.70. The stock had a trading volume of 793,065 shares, compared to its average volume of 425,291. The firm’s 50 day moving average is $0.64 and its 200 day moving average is $0.87. Gryphon Digital Mining has a twelve month low of $0.38 and a twelve month high of $10.30.

About Gryphon Digital Mining

Gryphon Digital Mining, Inc operates as a bitcoin mining company in the United States. It operates mining computers and ESG-led mining. The company was founded in 2020 and is based in Las Vegas, Nevada.