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

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

Institutional Trading of Gryphon Digital Mining

A hedge fund recently raised its stake in Gryphon Digital Mining stock. XTX Topco Ltd grew its stake in Gryphon Digital Mining, Inc. (NASDAQ:GRYP) by 75.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,169 shares of the company’s stock after acquiring an additional 17,296 shares during the quarter. XTX Topco Ltd owned about 0.10% of Gryphon Digital Mining worth $27,000 as of its most recent SEC filing. 10.21% of the stock is owned by institutional investors.

Gryphon Digital Mining Stock Down 1.9 %

GRYP traded down $0.01 during trading on Thursday, reaching $0.63. The company had a trading volume of 736,869 shares, compared to its average volume of 423,652. Gryphon Digital Mining has a 52 week low of $0.38 and a 52 week high of $10.30. The business has a 50 day simple moving average of $0.63 and a 200-day simple moving average of $0.88.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reaffirmed a “neutral” rating on shares of Gryphon Digital Mining in a research report 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.