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

Gryphon Digital Mining, Inc. (NASDAQ:GRYP) was the recipient of a large drop in short interest in the month of December. As of December 31st, there was short interest totalling 640,500 shares, a drop of 5.1% from the December 15th total of 675,100 shares. Approximately 2.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,330,000 shares, the short-interest ratio is currently 0.3 days.

Insiders Place Their Bets

In other news, Director Daniel George Tolhurst bought 96,824 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The stock was acquired at an average price of $0.39 per share, with a total value of $37,761.36. Following the completion of the purchase, the director now directly owns 3,406,473 shares of the company’s stock, valued at $1,328,524.47. This represents a 2.93 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Peter Eric Gallie bought 145,236 shares of the stock in a transaction that occurred on Monday, January 13th. The shares were purchased at an average cost of $0.39 per share, for a total transaction of $56,642.04. Following the completion of the acquisition, the senior vice president now owns 145,236 shares of the company’s stock, valued at $56,642.04. This trade represents a ? increase in their ownership of the stock. The disclosure for this purchase can be found here. 11.70% of the stock is owned by insiders.

Institutional Trading of Gryphon Digital Mining

A hedge fund recently raised its stake in Gryphon Digital Mining stock. XTX Topco Ltd grew its stake in shares of Gryphon Digital Mining, Inc. (NASDAQ:GRYP) by 75.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 40,169 shares of the company’s stock after acquiring an additional 17,296 shares during the period. XTX Topco Ltd owned about 0.10% of Gryphon Digital Mining worth $27,000 at the end of the most recent reporting period. 10.21% of the stock is owned by institutional investors and hedge funds.

Gryphon Digital Mining Stock Performance

NASDAQ:GRYP opened at $0.44 on Tuesday. The company has a 50-day moving average of $0.54 and a 200-day moving average of $0.66. Gryphon Digital Mining has a twelve month low of $0.35 and a twelve month high of $8.43.

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.