Cipher Mining Inc. (NASDAQ:CIFRW) Sees Large Increase in Short Interest

Cipher Mining Inc. (NASDAQ:CIFRW) was the target of 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 currently 0.1 days.

Cipher Mining Stock Performance

CIFRW traded down $0.07 during trading on Friday, hitting $0.33. 8,305 shares of the company’s stock were exchanged, compared to its average volume of 75,759. The business’s 50 day moving average is $1.08 and its two-hundred day moving average is $1.40. Cipher Mining has a fifty-two week low of $0.33 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.