Cipher Mining Inc. (NASDAQ:CIFRW) Short Interest Update

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

Cipher Mining Stock Performance

Cipher Mining stock remained flat at $1.21 during midday trading on Friday. The company had a trading volume of 33,465 shares, compared to its average volume of 122,937. The company’s 50-day moving average is $1.15 and its 200-day moving average is $1.22. Cipher Mining has a 1 year low of $0.32 and a 1 year high of $2.60.

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.