Short Interest in Cipher Mining Inc. (NASDAQ:CIFRW) Decreases By 56.6%

Cipher Mining Inc. (NASDAQ:CIFRW) saw a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 8,600 shares, a drop of 56.6% from the October 15th total of 19,800 shares. Based on an average daily volume of 64,500 shares, the days-to-cover ratio is presently 0.1 days.

Cipher Mining Trading Down 6.5 %

NASDAQ:CIFRW traded down $0.15 during mid-day trading on Thursday, reaching $2.15. The stock had a trading volume of 20,075 shares, compared to its average volume of 117,080. The business’s 50 day moving average is $1.31 and its 200 day moving average is $1.29. Cipher Mining has a fifty-two week low of $0.32 and a fifty-two week high of $2.74.

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.