Cipher Mining Inc. (NASDAQ:CIFRW) Short Interest Down 30.2% in December

Cipher Mining Inc. (NASDAQ:CIFRW) was the target of a significant drop in short interest during the month of December. As of December 15th, there was short interest totalling 6,700 shares, a drop of 30.2% from the November 30th total of 9,600 shares. Based on an average daily volume of 75,200 shares, the days-to-cover ratio is currently 0.1 days.

Cipher Mining Stock Down 15.5 %

NASDAQ:CIFRW traded down $0.26 during mid-day trading on Friday, reaching $1.42. The company’s stock had a trading volume of 25,382 shares, compared to its average volume of 110,263. Cipher Mining has a twelve month low of $0.66 and a twelve month high of $2.74. The company’s fifty day simple moving average is $1.92 and its two-hundred day simple moving average is $1.49.

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.