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

Gryphon Digital Mining, Inc. (NASDAQ:GRYP) saw a large decrease in short interest in January. As of January 15th, there was short interest totalling 640,500 shares, a decrease of 5.1% from the December 31st total of 675,100 shares. Currently, 2.3% of the company’s stock are short sold. Based on an average daily trading volume, of 2,330,000 shares, the days-to-cover ratio is presently 0.3 days.

Gryphon Digital Mining Trading Down 5.3 %

NASDAQ:GRYP opened at $0.30 on Tuesday. The firm’s fifty day simple moving average is $0.48 and its 200 day simple moving average is $0.61. Gryphon Digital Mining has a 1 year low of $0.27 and a 1 year high of $8.43.

Insiders Place Their Bets

In other Gryphon Digital Mining news, SVP Peter Eric Gallie purchased 145,236 shares of the company’s stock in a transaction dated Monday, January 13th. The shares were bought at an average price of $0.39 per share, for a total transaction of $56,642.04. Following the purchase, the senior vice president now directly owns 145,236 shares in the company, valued at $56,642.04. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Daniel George Tolhurst purchased 96,824 shares of the company’s stock in a transaction dated Monday, January 13th. The shares were acquired at an average price of $0.39 per share, for a total transaction of $37,761.36. Following the purchase, the director now owns 3,406,473 shares in the company, valued at $1,328,524.47. The trade was a 2.93 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 11.70% of the company’s stock.

Institutional Trading of Gryphon Digital Mining

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% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (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. Hedge funds and other institutional investors own 10.21% of the company’s stock.

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.