Short Interest in Core Scientific, Inc. (NASDAQ:CORZZ) Declines By 69.4%

Core Scientific, Inc. (NASDAQ:CORZZ) was the target of a large drop in short interest during the month of October. As of October 15th, there was short interest totalling 44,400 shares, a drop of 69.4% from the September 30th total of 145,200 shares. Based on an average trading volume of 178,400 shares, the short-interest ratio is currently 0.2 days.

Core Scientific Stock Performance

Shares of CORZZ stock traded down $0.30 during mid-day trading on Friday, reaching $13.34. 93,923 shares of the company’s stock traded hands, compared to its average volume of 389,723. The company’s 50-day moving average price is $11.54 and its 200-day moving average price is $8.05. Core Scientific has a 12 month low of $1.15 and a 12 month high of $14.01.

About Core Scientific

Core Scientific, Inc provides digital asset mining services in North America. It operates through two segments, Mining and Hosting. The company offers blockchain infrastructure, software solutions, and services; and operates data center mining facilities. It also mines digital assets for its own account; and provides hosting services for other large bitcoin miners, which include deployment, monitoring, trouble shooting, optimization, and maintenance of its customers' digital asset mining equipment.