Short Interest in Gryphon Digital Mining, Inc. (NASDAQ:GRYP) Decreases By 5.1%

Gryphon Digital Mining, Inc. (NASDAQ:GRYP) was the recipient of a significant drop in short interest in December. As of December 31st, there was short interest totalling 640,500 shares, a drop of 5.1% from the December 15th total of 675,100 shares. Approximately 2.3% of the shares of the stock are sold short. Based on an average daily volume of 2,330,000 shares, the days-to-cover ratio is currently 0.3 days.

Insider Buying and Selling

In other Gryphon Digital Mining news, Director Brittany Kaiser sold 604,581 shares of the business’s stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $0.35, for a total value of $211,603.35. Following the sale, the director now owns 604,581 shares in the company, valued at $211,603.35. The trade was a 50.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Daniel George Tolhurst acquired 96,824 shares of the business’s stock in a transaction dated Monday, January 13th. The shares were purchased at an average price of $0.39 per share, with a total value of $37,761.36. Following the transaction, the director now owns 3,406,473 shares of the company’s stock, valued at approximately $1,328,524.47. This represents a 2.93 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 11.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Gryphon Digital Mining

A hedge fund recently raised its stake in Gryphon Digital Mining stock. XTX Topco Ltd increased its stake in shares of Gryphon Digital Mining, Inc. (NASDAQ:GRYP) by 75.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 40,169 shares of the company’s stock after purchasing an additional 17,296 shares during the quarter. XTX Topco Ltd owned 0.10% of Gryphon Digital Mining worth $27,000 at the end of the most recent quarter. Institutional investors own 10.21% of the company’s stock.

Gryphon Digital Mining Trading Down 0.3 %

GRYP stock opened at $0.44 on Friday. Gryphon Digital Mining has a 52 week low of $0.35 and a 52 week high of $8.43. The company has a fifty day simple moving average of $0.55 and a two-hundred day simple moving average of $0.67.

Gryphon Digital Mining Company Profile

Gryphon Digital Mining, Inc operates as a bitcoin mining company in the United States. It operates mining computers and ESG-led mining. The company was founded in 2020 and is based in Las Vegas, Nevada.