Cipher Mining Inc. (NASDAQ:CIFRW) Sees Large Growth in Short Interest

Cipher Mining Inc. (NASDAQ:CIFRW) saw a large growth in short interest in January. As of January 31st, there was short interest totalling 12,900 shares, a growth of 29.0% from the January 15th total of 10,000 shares. Based on an average daily volume of 76,400 shares, the days-to-cover ratio is currently 0.2 days.

Cipher Mining Stock Down 3.6 %

NASDAQ:CIFRW traded down $0.06 on Friday, hitting $1.61. The stock had a trading volume of 156,296 shares, compared to its average volume of 64,303. Cipher Mining has a 52 week low of $0.66 and a 52 week high of $2.74. The business’s fifty day moving average is $1.59 and its 200 day moving average is $1.48.

Cipher Mining Company Profile

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.