Short Interest in Cipher Mining Inc. (NASDAQ:CIFRW) Grows By 246.7%

Cipher Mining Inc. (NASDAQ:CIFRW) was the target of a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 15,600 shares, an increase of 246.7% from the March 31st total of 4,500 shares. Based on an average daily trading volume, of 154,300 shares, the short-interest ratio is currently 0.1 days.

Cipher Mining Stock Up 6.4 %

CIFRW stock traded up $0.08 during midday trading on Friday, reaching $1.25. 59,676 shares of the company’s stock traded hands, compared to its average volume of 183,802. Cipher Mining has a 52-week low of $0.25 and a 52-week high of $2.25. The stock’s 50-day moving average is $1.15 and its 200 day moving average is $0.94.

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.