Cipher Mining Inc. (NASDAQ:CIFRW) Short Interest Down 81.7% in February

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

Cipher Mining Stock Performance

Cipher Mining stock traded up $0.11 during midday trading on Wednesday, hitting $0.63. 18,059 shares of the company were exchanged, compared to its average volume of 77,576. Cipher Mining has a fifty-two week low of $0.45 and a fifty-two week high of $2.74. The company’s fifty day moving average price is $1.31 and its 200-day moving average price is $1.45.

Cipher Mining Company Profile

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.