Gryphon Digital Mining, Inc. (NASDAQ:GRYP) Short Interest Update

Gryphon Digital Mining, Inc. (NASDAQ:GRYP) was the target of a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 1,130,000 shares, a decline of 13.1% from the February 13th total of 1,300,000 shares. Currently, 2.5% of the shares of the company are sold short. Based on an average trading volume of 2,700,000 shares, the days-to-cover ratio is presently 0.4 days.

Gryphon Digital Mining Price Performance

GRYP stock opened at $0.20 on Wednesday. Gryphon Digital Mining has a one year low of $0.18 and a one year high of $1.89. The company’s 50 day moving average price is $0.32 and its two-hundred day moving average price is $0.49.

Insider Buying and Selling at Gryphon Digital Mining

In other news, Director Daniel George Tolhurst acquired 96,824 shares of the business’s stock in a transaction dated Monday, January 13th. The stock was purchased at an average cost of $0.39 per share, for a total transaction of $37,761.36. Following the acquisition, the director now owns 3,406,473 shares of the company’s stock, valued at $1,328,524.47. This trade represents a 2.93 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Brittany Kaiser sold 604,581 shares of the firm’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $0.35, for a total value of $211,603.35. Following the transaction, the director now directly owns 604,581 shares in the company, valued at approximately $211,603.35. This represents a 50.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 11.70% of the company’s stock.

Hedge Funds Weigh In On Gryphon Digital Mining

An institutional investor recently raised its position in Gryphon Digital Mining stock. XTX Topco Ltd lifted its position in Gryphon Digital Mining, Inc. (NASDAQ:GRYP) by 75.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 40,169 shares of the company’s stock after purchasing an additional 17,296 shares during the period. XTX Topco Ltd owned about 0.10% of Gryphon Digital Mining worth $27,000 as of its most recent SEC filing. 10.21% of the stock is owned by hedge funds and other institutional investors.

Gryphon Digital Mining Company Profile

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.