Cipher Mining Inc. (NASDAQ:CIFRW) Sees Large Growth in Short Interest

Cipher Mining Inc. (NASDAQ:CIFRW) was the recipient of a significant growth in short interest in the month of June. As of June 15th, there was short interest totalling 15,500 shares, a growth of 453.6% from the May 31st total of 2,800 shares. Based on an average trading volume of 90,000 shares, the short-interest ratio is presently 0.2 days.

Cipher Mining Price Performance

Cipher Mining stock opened at $1.35 on Friday. The business’s fifty day moving average is $1.19 and its two-hundred day moving average is $1.14. Cipher Mining has a 52 week low of $0.32 and a 52 week high of $2.25.

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.