Gryphon Digital Mining, Inc. (NASDAQ:GRYP) Short Interest Update

Gryphon Digital Mining, Inc. (NASDAQ:GRYP) saw a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 866,300 shares, a decrease of 23.3% from the February 28th total of 1,130,000 shares. Approximately 1.9% of the shares of the company are sold short. Based on an average trading volume of 2,640,000 shares, the days-to-cover ratio is presently 0.3 days.

Insider Activity at Gryphon Digital Mining

In other 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 transaction of $211,603.35. Following the completion of the sale, the director now owns 604,581 shares of the company’s stock, valued at $211,603.35. This represents a 50.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Daniel George Tolhurst acquired 96,824 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The stock was acquired at an average cost of $0.39 per share, for a total transaction of $37,761.36. Following the acquisition, the director now owns 3,406,473 shares of the company’s stock, valued at $1,328,524.47. The trade was a 2.93 % increase in their position. The disclosure for this purchase can be found here. 11.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Gryphon Digital Mining stock. XTX Topco Ltd increased its holdings in shares of Gryphon Digital Mining, Inc. (NASDAQ:GRYP) by 75.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and 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 approximately 0.10% of Gryphon Digital Mining worth $27,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 10.21% of the company’s stock.

Analyst Ratings Changes

Separately, HC Wainwright restated a “neutral” rating on shares of Gryphon Digital Mining in a research note on Tuesday.

Gryphon Digital Mining Stock Down 7.1 %

Shares of NASDAQ GRYP traded down $0.01 during trading on Tuesday, hitting $0.16. The company had a trading volume of 491,953 shares, compared to its average volume of 1,048,843. The stock has a 50 day simple moving average of $0.27 and a 200 day simple moving average of $0.46. Gryphon Digital Mining has a 12 month low of $0.15 and a 12 month high of $1.89.

Gryphon Digital Mining (NASDAQ:GRYP) last issued its quarterly earnings results on Monday, March 31st. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.23. The firm had revenue of $3.90 million for the quarter, compared to analysts’ expectations of $3.90 million. On average, equities research analysts predict that Gryphon Digital Mining will post -0.76 earnings per share for the current year.

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.