Short Interest in Cipher Mining Inc. (NASDAQ:CIFRW) Decreases By 15.5%

Cipher Mining Inc. (NASDAQ:CIFRW) was the recipient of a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 4,900 shares, a decrease of 15.5% from the March 15th total of 5,800 shares. Based on an average daily volume of 85,300 shares, the short-interest ratio is presently 0.1 days.

Cipher Mining Stock Performance

CIFRW traded up $0.15 during trading on Tuesday, hitting $0.45. The stock had a trading volume of 134,246 shares, compared to its average volume of 76,908. Cipher Mining has a twelve month low of $0.16 and a twelve month high of $2.74. The company’s 50-day moving average price is $0.64 and its 200 day moving average price is $1.32.

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.