Gryphon Digital Mining, Inc. (NASDAQ:GRYP) Short Interest Update

Gryphon Digital Mining, Inc. (NASDAQ:GRYP) was the recipient of a large decrease in short interest in March. As of March 15th, there was short interest totalling 866,300 shares, a decrease of 23.3% from the February 28th total of 1,130,000 shares. Currently, 1.9% of the company’s shares are sold short. Based on an average daily trading volume, of 2,640,000 shares, the short-interest ratio is presently 0.3 days.

Gryphon Digital Mining Price Performance

NASDAQ:GRYP traded up $0.02 during trading hours on Wednesday, hitting $0.18. 296,220 shares of the company traded hands, compared to its average volume of 1,049,465. The firm’s 50-day simple moving average is $0.27 and its 200-day simple moving average is $0.46. Gryphon Digital Mining has a one year low of $0.15 and a one year high of $1.89.

Gryphon Digital Mining (NASDAQ:GRYP) last released its quarterly earnings results on Monday, March 31st. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of ($0.16) by $0.23. The firm had revenue of $3.90 million for the quarter, compared to analysts’ expectations of $3.90 million. As a group, analysts forecast that Gryphon Digital Mining will post -0.76 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, HC Wainwright restated a “neutral” rating on shares of Gryphon Digital Mining in a report on Tuesday.

Insiders Place Their Bets

In other Gryphon Digital Mining news, Director Daniel George Tolhurst purchased 96,824 shares of the firm’s stock in a transaction on Monday, January 13th. The stock was acquired at an average price of $0.39 per share, for a total transaction of $37,761.36. Following the purchase, the director now owns 3,406,473 shares of the company’s stock, valued at $1,328,524.47. This trade represents a 2.93 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Peter Eric Gallie acquired 145,236 shares of Gryphon Digital Mining stock in a transaction dated Monday, January 13th. The shares were acquired at an average price of $0.39 per share, with a total value of $56,642.04. Following the completion of the acquisition, the senior vice president now directly owns 145,236 shares of the company’s stock, valued at approximately $56,642.04. The trade was a ? increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 11.70% of the company’s stock.

Hedge Funds Weigh In On Gryphon Digital Mining

A hedge fund recently raised its stake in Gryphon Digital Mining stock. XTX Topco Ltd increased its holdings in shares of Gryphon Digital Mining, Inc. (NASDAQ:GRYP) by 75.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 40,169 shares of the company’s stock after acquiring an additional 17,296 shares during the quarter. XTX Topco Ltd owned approximately 0.10% of Gryphon Digital Mining worth $27,000 as of its most recent SEC filing. 10.21% of the stock is currently owned by institutional investors.

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.