Short Interest in Gryphon Digital Mining, Inc. (NASDAQ:GRYP) Rises By 132.3%

Gryphon Digital Mining, Inc. (NASDAQ:GRYP) was the recipient of a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 596,400 shares, a growth of 132.3% from the October 31st total of 256,700 shares. Currently, 1.8% of the company’s shares are sold short. Based on an average daily volume of 644,700 shares, the days-to-cover ratio is currently 0.9 days.

Gryphon Digital Mining Stock Up 11.8 %

Shares of GRYP traded up $0.07 during trading hours on Friday, reaching $0.70. 793,065 shares of the company traded hands, compared to its average volume of 425,291. Gryphon Digital Mining has a 12-month low of $0.38 and a 12-month high of $10.30. The stock’s fifty day moving average price is $0.64 and its 200 day moving average price is $0.87.

Institutional Investors Weigh In On Gryphon Digital Mining

A hedge fund recently raised its stake in Gryphon Digital Mining stock. XTX Topco Ltd lifted its holdings in shares of Gryphon Digital Mining, Inc. (NASDAQ:GRYP) by 75.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,169 shares of the company’s stock after buying an additional 17,296 shares during the quarter. XTX Topco Ltd owned approximately 0.10% of Gryphon Digital Mining worth $27,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 10.21% of the company’s stock.

Analysts Set New Price Targets

Separately, HC Wainwright reissued a “neutral” rating on shares of Gryphon Digital Mining in a research note on Friday, September 20th.

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.