Short Interest in Gryphon Digital Mining, Inc. (NASDAQ:GRYP) Decreases By 13.1%

Gryphon Digital Mining, Inc. (NASDAQ:GRYP) saw a large decrease in short interest in February. As of February 28th, there was short interest totalling 1,130,000 shares, a decrease of 13.1% from the February 13th total of 1,300,000 shares. Approximately 2.5% of the company’s stock are short sold. Based on an average daily volume of 2,700,000 shares, the short-interest ratio is currently 0.4 days.

Insider Buying and Selling at Gryphon Digital Mining

In related news, SVP Peter Eric Gallie acquired 145,236 shares of Gryphon Digital Mining stock in a transaction that occurred on Monday, January 13th. The stock was acquired at an average price of $0.39 per share, for a total transaction of $56,642.04. Following the transaction, the senior vice president now directly owns 145,236 shares of the company’s stock, valued at $56,642.04. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Brittany Kaiser sold 604,581 shares of the stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $0.35, for a total value of $211,603.35. Following the completion of the sale, the director now directly owns 604,581 shares in the company, valued at $211,603.35. This represents a 50.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 11.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Gryphon Digital Mining

A hedge fund recently raised its stake in Gryphon Digital Mining stock. XTX Topco Ltd boosted its stake in Gryphon Digital Mining, Inc. (NASDAQ:GRYP) by 75.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 40,169 shares of the company’s stock after buying an additional 17,296 shares during the period. XTX Topco Ltd owned 0.10% of Gryphon Digital Mining worth $27,000 at the end of the most recent quarter. Institutional investors own 10.21% of the company’s stock.

Gryphon Digital Mining Stock Up 4.7 %

Shares of Gryphon Digital Mining stock traded up $0.01 during trading on Thursday, hitting $0.20. 24,263 shares of the stock were exchanged, compared to its average volume of 1,044,358. The stock’s fifty day moving average is $0.31 and its 200 day moving average is $0.48. Gryphon Digital Mining has a 12 month low of $0.18 and a 12 month high of $1.89.

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.