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

Cipher Mining Inc. (NASDAQ:CIFRW) was the recipient of a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 2,600 shares, a decline of 81.7% from the February 13th total of 14,200 shares. Based on an average daily trading volume, of 72,700 shares, the days-to-cover ratio is currently 0.0 days.

Cipher Mining Stock Performance

Shares of CIFRW stock traded up $0.11 on Wednesday, hitting $0.63. 18,059 shares of the stock traded hands, compared to its average volume of 77,576. The company’s fifty day moving average is $1.31 and its 200 day moving average is $1.45. Cipher Mining has a 1-year low of $0.45 and a 1-year high of $2.74.

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.