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

Cipher Mining Inc. (NASDAQ:CIFRW) saw a large increase in short interest in 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 volume of 154,300 shares, the short-interest ratio is presently 0.1 days.

Cipher Mining Stock Up 6.4 %

NASDAQ CIFRW traded up $0.08 during trading hours on Friday, reaching $1.25. 59,676 shares of the company’s stock were exchanged, compared to its average volume of 183,802. Cipher Mining has a one year low of $0.25 and a one year high of $2.25. The firm has a fifty day moving average of $1.15 and a 200-day moving average of $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.