Short Interest in Gryphon Digital Mining, Inc. (NASDAQ:GRYP) Declines By 5.1%

Gryphon Digital Mining, Inc. (NASDAQ:GRYP) was the recipient of a significant decrease in short interest in December. As of December 31st, there was short interest totalling 640,500 shares, a decrease of 5.1% from the December 15th total of 675,100 shares. Based on an average daily volume of 2,330,000 shares, the days-to-cover ratio is currently 0.3 days. Currently, 2.3% of the shares of the company are short sold.

Gryphon Digital Mining Trading Down 0.3 %

GRYP opened at $0.44 on Friday. Gryphon Digital Mining has a 1-year low of $0.35 and a 1-year high of $8.43. The firm’s 50 day simple moving average is $0.55 and its two-hundred day simple moving average is $0.67.

Insider Activity

In other news, Director Brittany Kaiser sold 604,581 shares of the firm’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $0.35, for a total transaction of $211,603.35. Following the sale, the director now owns 604,581 shares of the company’s stock, valued at $211,603.35. This trade represents a 50.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Peter Eric Gallie acquired 145,236 shares of the firm’s stock in a transaction dated Monday, January 13th. The shares were bought at an average cost 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 $56,642.04. The trade was a ? increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 11.70% of the company’s stock.

Hedge Funds Weigh In On Gryphon Digital Mining

An institutional investor recently raised its position in Gryphon Digital Mining stock. XTX Topco Ltd lifted its stake in Gryphon Digital Mining, Inc. (NASDAQ:GRYP) by 75.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 40,169 shares of the company’s stock after buying an additional 17,296 shares during the quarter. XTX Topco Ltd owned about 0.10% of Gryphon Digital Mining worth $27,000 as of its most recent filing with the Securities & Exchange Commission. 10.21% of the stock is owned by institutional investors and hedge funds.

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.