Gryphon Digital Mining, Inc. (NASDAQ:GRYP) Sees Large Decrease in Short Interest

Gryphon Digital Mining, Inc. (NASDAQ:GRYP) saw a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 1,130,000 shares, a drop of 13.1% from the February 13th total of 1,300,000 shares. Based on an average daily trading volume, of 2,700,000 shares, the short-interest ratio is presently 0.4 days. Approximately 2.5% of the shares of the company are short sold.

Gryphon Digital Mining Stock Up 2.6 %

NASDAQ:GRYP opened at $0.20 on Friday. The business’s 50 day moving average is $0.31 and its two-hundred day moving average is $0.48. Gryphon Digital Mining has a 52 week low of $0.18 and a 52 week high of $1.89.

Insiders Place Their Bets

In other news, Director Daniel George Tolhurst bought 96,824 shares of Gryphon Digital Mining stock in a transaction on Monday, January 13th. The shares were bought at an average price of $0.39 per share, with a total value of $37,761.36. Following the acquisition, the director now directly owns 3,406,473 shares in the company, valued at approximately $1,328,524.47. This represents a 2.93 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Peter Eric Gallie bought 145,236 shares of Gryphon Digital Mining stock in a transaction on Monday, January 13th. The shares were purchased at an average cost of $0.39 per share, for a total transaction of $56,642.04. Following the acquisition, the senior vice president now owns 145,236 shares in the company, valued at $56,642.04. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 11.70% of the stock is currently owned by company insiders.

Institutional Trading of Gryphon Digital Mining

An institutional investor recently raised its position in Gryphon Digital Mining stock. XTX Topco Ltd lifted its stake in shares of Gryphon Digital Mining, Inc. (NASDAQ:GRYP) by 75.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 40,169 shares of the company’s stock after purchasing 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 filing with the Securities and Exchange Commission. 10.21% of the stock is currently owned by hedge funds and other institutional investors.

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.