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

Cipher Mining Inc. (NASDAQ:CIFRW) saw a large increase in short interest in 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 daily trading volume, of 75,600 shares, the days-to-cover ratio is currently 0.1 days.

Cipher Mining Price Performance

CIFRW opened at $0.32 on Friday. The firm has a 50 day simple moving average of $1.06 and a 200 day simple moving average of $1.40. Cipher Mining has a fifty-two week low of $0.30 and a fifty-two week high of $2.74.

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.