Gryphon Digital Mining, Inc. (NASDAQ:GRYP) Short Interest Down 58.9% in September

Gryphon Digital Mining, Inc. (NASDAQ:GRYP) saw a significant decline in short interest during the month of September. As of September 15th, there was short interest totalling 80,800 shares, a decline of 58.9% from the August 31st total of 196,800 shares. Based on an average daily trading volume, of 267,200 shares, the short-interest ratio is presently 0.3 days. Currently, 0.3% of the company’s shares are short sold.

Analysts Set New Price Targets

Separately, HC Wainwright reissued a “neutral” rating on shares of Gryphon Digital Mining in a research note on Friday, September 20th.

Gryphon Digital Mining Stock Performance

Shares of Gryphon Digital Mining stock traded up $0.01 during trading hours on Friday, hitting $0.62. The company’s stock had a trading volume of 344,575 shares, compared to its average volume of 326,494. Gryphon Digital Mining has a twelve month low of $0.38 and a twelve month high of $10.30. The firm has a fifty day moving average of $0.70 and a 200-day moving average of $1.14.

Gryphon Digital Mining (NASDAQ:GRYP) last announced its quarterly earnings results on Thursday, August 15th. The company reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.18) by $0.08. The business had revenue of $5.52 million during the quarter, compared to analyst estimates of $5.50 million. During the same period last year, the company earned ($10.40) EPS. Equities analysts forecast that Gryphon Digital Mining will post -0.76 earnings per share for the current year.

Hedge Funds Weigh In On Gryphon Digital Mining

Several hedge funds have recently bought and sold shares of GRYP. SVB Wealth LLC acquired a new position in Gryphon Digital Mining during the 1st quarter worth about $68,000. MMCAP International Inc. SPC acquired a new position in Gryphon Digital Mining during the 1st quarter worth about $877,000. K2 Principal Fund L.P. acquired a new position in Gryphon Digital Mining during the 1st quarter worth about $971,000. Finally, Murchinson Ltd. acquired a new position in Gryphon Digital Mining during the 1st quarter worth about $1,175,000. Institutional investors and hedge funds own 10.21% of the company’s stock.

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.