Short Interest in Cipher Mining Inc. (NASDAQ:CIFRW) Increases By 29.0%

Cipher Mining Inc. (NASDAQ:CIFRW) saw a significant increase in short interest in January. As of January 31st, there was short interest totalling 12,900 shares, an increase of 29.0% from the January 15th total of 10,000 shares. Based on an average daily trading volume, of 76,400 shares, the short-interest ratio is presently 0.2 days.

Cipher Mining Trading Down 3.6 %

Shares of CIFRW traded down $0.06 during mid-day trading on Friday, reaching $1.61. 156,296 shares of the company’s stock were exchanged, compared to its average volume of 64,303. The company has a 50-day simple moving average of $1.59 and a two-hundred day simple moving average of $1.48. Cipher Mining has a 52-week low of $0.66 and a 52-week 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.