Short Interest in Gryphon Digital Mining, Inc. (NASDAQ:GRYP) Increases By 132.3%

Gryphon Digital Mining, Inc. (NASDAQ:GRYP) saw a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 596,400 shares, an increase of 132.3% from the October 31st total of 256,700 shares. Based on an average daily trading volume, of 644,700 shares, the days-to-cover ratio is currently 0.9 days. Currently, 1.8% of the shares of the company are short sold.

Gryphon Digital Mining Stock Down 1.9 %

Shares of NASDAQ GRYP traded down $0.01 during midday trading on Thursday, reaching $0.63. 736,869 shares of the company’s stock were exchanged, compared to its average volume of 423,652. Gryphon Digital Mining has a 52-week low of $0.38 and a 52-week high of $10.30. The business’s fifty day moving average price is $0.63 and its two-hundred day moving average price is $0.88.

Institutional Investors Weigh In On Gryphon Digital Mining

A hedge fund recently raised its stake in Gryphon Digital Mining stock. XTX Topco Ltd boosted its stake in Gryphon Digital Mining, Inc. (NASDAQ:GRYP) by 75.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 40,169 shares of the company’s stock after buying an additional 17,296 shares during the quarter. XTX Topco Ltd owned approximately 0.10% of Gryphon Digital Mining worth $27,000 at the end of the most recent quarter. Institutional investors and hedge funds own 10.21% of the company’s stock.

Wall Street Analyst Weigh In

Separately, HC Wainwright reaffirmed a “neutral” rating on shares of Gryphon Digital Mining in a report on Friday, September 20th.

About Gryphon Digital Mining

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.