Cipher Mining Inc. (NASDAQ:CIFRW) Sees Significant Growth in Short Interest

Cipher Mining Inc. (NASDAQ:CIFRW) saw a large growth in short interest in March. As of March 15th, there was short interest totalling 5,800 shares, a growth of 123.1% from the February 28th total of 2,600 shares. Based on an average daily volume of 75,600 shares, the days-to-cover ratio is presently 0.1 days.

Cipher Mining Stock Performance

Shares of CIFRW traded down $0.07 on Friday, reaching $0.32. 161,342 shares of the stock traded hands, compared to its average volume of 76,375. The stock’s 50-day moving average price is $1.06 and its 200-day moving average price is $1.40. Cipher Mining has a 12 month low of $0.30 and a 12 month high of $2.74.

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.