Short Interest in Gryphon Digital Mining, Inc. (NASDAQ:GRYP) Grows By 132.3%

Gryphon Digital Mining, Inc. (NASDAQ:GRYP) was the recipient of a significant growth in short interest in November. As of November 15th, there was short interest totalling 596,400 shares, a growth of 132.3% from the October 31st total of 256,700 shares. Based on an average daily trading volume, of 644,700 shares, the days-to-cover ratio is presently 0.9 days. Currently, 1.8% of the company’s stock are sold short.

Gryphon Digital Mining Stock Up 11.8 %

Gryphon Digital Mining stock traded up $0.07 during mid-day trading on Friday, hitting $0.70. 793,065 shares of the company’s stock traded hands, compared to its average volume of 425,291. The firm has a 50 day moving average price of $0.64 and a 200 day moving average price of $0.87. Gryphon Digital Mining has a one year low of $0.38 and a one year high of $10.30.

Institutional Trading of Gryphon Digital Mining

An institutional investor recently bought a new position in Gryphon Digital Mining stock. SVB Wealth LLC acquired a new stake in Gryphon Digital Mining, Inc. (NASDAQ:GRYP) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 45,332 shares of the company’s stock, valued at approximately $68,000. SVB Wealth LLC owned 0.12% of Gryphon Digital Mining at the end of the most recent quarter. Hedge funds and other institutional investors own 10.21% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.