Short Interest in Cipher Mining Inc. (NASDAQ:CIFRW) Grows By 246.7%

Cipher Mining Inc. (NASDAQ:CIFRW) saw a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 15,600 shares, an increase of 246.7% from the March 31st total of 4,500 shares. Based on an average daily volume of 154,300 shares, the days-to-cover ratio is currently 0.1 days.

Cipher Mining Stock Performance

Shares of Cipher Mining stock traded up $0.08 during trading on Friday, hitting $1.25. The company’s stock had a trading volume of 59,676 shares, compared to its average volume of 183,802. Cipher Mining has a 52 week low of $0.25 and a 52 week high of $2.25. The stock has a 50-day moving average price of $1.15 and a two-hundred day moving average price of $0.94.

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.