Short Interest in Cipher Mining Inc. (NASDAQ:CIFRW) Expands By 448.0%

Cipher Mining Inc. (NASDAQ:CIFRW) was the recipient of a significant growth in short interest in the month of July. As of July 31st, there was short interest totalling 13,700 shares, a growth of 448.0% from the July 15th total of 2,500 shares. Based on an average daily trading volume, of 88,900 shares, the days-to-cover ratio is currently 0.2 days.

Cipher Mining Price Performance

NASDAQ:CIFRW opened at $1.23 on Tuesday. Cipher Mining has a 1-year low of $0.32 and a 1-year high of $2.60. The business’s 50-day moving average price is $1.43 and its two-hundred day moving average price is $1.22.

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.