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

Cipher Mining Inc. (NASDAQ:CIFRW) was the recipient of a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 2,600 shares, a decline of 81.7% from the February 13th total of 14,200 shares. Based on an average daily volume of 72,700 shares, the short-interest ratio is currently 0.0 days.

Cipher Mining Trading Up 8.3 %

Shares of CIFRW traded up $0.04 during trading hours on Friday, hitting $0.56. 7,443 shares of the stock were exchanged, compared to its average volume of 81,097. Cipher Mining has a fifty-two week low of $0.45 and a fifty-two week high of $2.74. The business has a 50-day moving average of $1.28 and a 200-day moving average of $1.44.

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.