Hut 8 Mining Corp. (OTCMKTS:HUTMF) Short Interest Down 38.9% in December

Hut 8 Mining Corp. (OTCMKTS:HUTMF) was the target of a significant drop in short interest in the month of December. As of December 31st, there was short interest totalling 355,100 shares, a drop of 38.9% from the December 15th total of 580,800 shares. Based on an average daily trading volume, of 687,700 shares, the short-interest ratio is currently 0.5 days.

HUTMF stock traded down $0.04 during midday trading on Thursday, reaching $5.05. The company had a trading volume of 1,951,971 shares, compared to its average volume of 2,907,584. The company has a 50 day moving average of $2.44 and a two-hundred day moving average of $1.24. Hut 8 Mining has a 1 year low of $0.37 and a 1 year high of $6.63.

Hut 8 Mining Company Profile

Hut 8 Mining Corp. operates as a cryptocurrency mining company in Canada. The company engages in industrial scale bitcoin mining operations. It also owns and operates 38 BlockBox AC data centers in Drumheller, Alberta; and 56 BlockBox AC data centers in Medicine Hat, Alberta. The company is headquartered in Toronto, Canada.

Featured Article: What is meant by buying and selling pressure?