Cipher Mining Inc. (NASDAQ:CIFRW) Sees Significant Drop in Short Interest

Cipher Mining Inc. (NASDAQ:CIFRW) was the target of a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 2,600 shares, a decrease of 81.7% from the February 13th total of 14,200 shares. Based on an average daily trading volume, of 72,700 shares, the days-to-cover ratio is currently 0.0 days.

Cipher Mining Stock Performance

NASDAQ:CIFRW traded up $0.04 during trading hours on Friday, hitting $0.56. The company’s stock had a trading volume of 7,443 shares, compared to its average volume of 81,097. Cipher Mining has a twelve month low of $0.45 and a twelve month high of $2.74. The stock has a fifty day simple moving average of $1.28 and a 200-day simple moving average of $1.44.

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.