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

Cipher Mining Inc. (NASDAQ:CIFRW) was the target of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 5,800 shares, an increase of 123.1% from the February 28th total of 2,600 shares. Based on an average trading volume of 75,600 shares, the short-interest ratio is currently 0.1 days.

Cipher Mining Stock Performance

Shares of CIFRW stock opened at $0.32 on Friday. The stock’s fifty day moving average is $1.06 and its 200-day moving average is $1.40. Cipher Mining has a 52 week low of $0.30 and a 52 week high of $2.74.

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.