Cipher Mining Inc. (NASDAQ:CIFRW) Short Interest Up 88.8% in September

Cipher Mining Inc. (NASDAQ:CIFRW) was the target of a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 35,500 shares, a growth of 88.8% from the August 31st total of 18,800 shares. Based on an average daily volume of 67,200 shares, the days-to-cover ratio is presently 0.5 days.

Cipher Mining Price Performance

Shares of NASDAQ:CIFRW remained flat at $1.21 on Friday. 33,465 shares of the company’s stock were exchanged, compared to its average volume of 122,937. The business has a 50-day moving average price of $1.15 and a 200-day moving average price of $1.22. Cipher Mining has a 1-year low of $0.32 and a 1-year high of $2.60.

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.