Cipher Mining Inc. (NASDAQ:CIFRW) Short Interest Down 56.6% in October

Cipher Mining Inc. (NASDAQ:CIFRW) saw a large drop in short interest in October. As of October 31st, there was short interest totalling 8,600 shares, a drop of 56.6% from the October 15th total of 19,800 shares. Based on an average daily trading volume, of 64,500 shares, the days-to-cover ratio is currently 0.1 days.

Cipher Mining Stock Down 12.5 %

Shares of CIFRW traded down $0.33 during mid-day trading on Wednesday, hitting $2.30. 69,045 shares of the company traded hands, compared to its average volume of 117,521. Cipher Mining has a 1 year low of $0.32 and a 1 year high of $2.74. The stock has a 50-day moving average price of $1.29 and a two-hundred day moving average price of $1.28.

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.