Short Interest in Cipher Mining Inc. (NASDAQ:CIFRW) Increases By 1,412.0%

Cipher Mining Inc. (NASDAQ:CIFRW) was the recipient of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 37,800 shares, a growth of 1,412.0% from the August 31st total of 2,500 shares. Based on an average daily trading volume, of 269,300 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 269,300 shares, the days-to-cover ratio is presently 0.1 days.

Cipher Mining Price Performance

Shares of NASDAQ CIFRW opened at $5.00 on Wednesday. Cipher Mining has a 1 year low of $0.16 and a 1 year high of $6.63. The firm has a 50-day moving average of $2.31 and a 200 day moving average of $1.19.

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.