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

Gryphon Digital Mining, Inc. (NASDAQ:GRYP) was the recipient of a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 675,100 shares, an increase of 12.8% from the November 30th total of 598,600 shares. Based on an average daily trading volume, of 829,100 shares, the short-interest ratio is currently 0.8 days. Currently, 2.4% of the company’s stock are short sold.

Gryphon Digital Mining Trading Down 0.6 %

NASDAQ:GRYP traded down $0.00 during midday trading on Wednesday, reaching $0.40. The company had a trading volume of 1,924,623 shares, compared to its average volume of 470,071. Gryphon Digital Mining has a 12-month low of $0.35 and a 12-month high of $9.00. The stock’s fifty day simple moving average is $0.60 and its 200-day simple moving average is $0.73.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Gryphon Digital Mining

An institutional investor recently raised its position in Gryphon Digital Mining stock. XTX Topco Ltd increased its position 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 SEC. The firm owned 40,169 shares of the company’s stock after buying an additional 17,296 shares during the period. XTX Topco Ltd owned about 0.10% of Gryphon Digital Mining worth $27,000 at the end of the most recent reporting period. 10.21% of the stock is owned by hedge funds and other institutional investors.

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.