Gryphon Digital Mining, Inc. (NASDAQ:GRYP) Short Interest Down 48.4% in January

Gryphon Digital Mining, Inc. (NASDAQ:GRYP) was the recipient of a significant drop in short interest during the month of January. As of January 31st, there was short interest totalling 1,270,000 shares, a drop of 48.4% from the January 15th total of 2,460,000 shares. Currently, 3.3% of the shares of the company are short sold. Based on an average trading volume of 2,850,000 shares, the short-interest ratio is presently 0.4 days.

Gryphon Digital Mining Stock Up 13.7 %

Shares of GRYP traded up $0.04 during mid-day trading on Friday, hitting $0.35. 1,708,342 shares of the company’s stock were exchanged, compared to its average volume of 6,713,665. Gryphon Digital Mining has a 52 week low of $0.27 and a 52 week high of $3.06. The stock’s 50-day simple moving average is $0.41 and its 200-day simple moving average is $0.56.

Insiders Place Their Bets

In related news, Director Brittany Kaiser sold 604,581 shares of the company’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $0.35, for a total value of $211,603.35. Following the transaction, the director now directly owns 604,581 shares in the company, valued at approximately $211,603.35. This represents a 50.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Daniel George Tolhurst acquired 96,824 shares of the company’s stock in a transaction on Monday, January 13th. The stock was acquired at an average price of $0.39 per share, with a total value of $37,761.36. Following the purchase, the director now directly owns 3,406,473 shares in the company, valued at approximately $1,328,524.47. This represents a 2.93 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company 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 boosted its stake in Gryphon Digital Mining, Inc. (NASDAQ:GRYP) by 75.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 40,169 shares of the company’s stock after purchasing an additional 17,296 shares during the quarter. XTX Topco Ltd owned about 0.10% of Gryphon Digital Mining worth $27,000 at the end of the most recent reporting period. 10.21% of the stock is currently owned by hedge funds and other institutional investors.

About Gryphon Digital Mining

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.