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

Gryphon Digital Mining, Inc. (NASDAQ:GRYP) saw a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 1,130,000 shares, a drop of 13.1% from the February 13th total of 1,300,000 shares. Currently, 2.5% of the company’s shares are sold short. Based on an average trading volume of 2,700,000 shares, the days-to-cover ratio is currently 0.4 days.

Gryphon Digital Mining Price Performance

Shares of Gryphon Digital Mining stock opened at $0.20 on Wednesday. The business has a fifty day simple moving average of $0.32 and a two-hundred day simple moving average of $0.49. Gryphon Digital Mining has a 12 month low of $0.18 and a 12 month high of $1.89.

Insider Buying and Selling

In related news, Director Brittany Kaiser sold 604,581 shares of the firm’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $0.35, for a total value of $211,603.35. Following the completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Daniel George Tolhurst purchased 96,824 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The stock was acquired at an average cost of $0.39 per share, with a total value of $37,761.36. Following the purchase, the director now directly 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 ownership of the stock. The disclosure for this purchase can be found here. 11.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Gryphon Digital Mining

A hedge fund recently raised its stake in Gryphon Digital Mining stock. XTX Topco Ltd lifted its stake in Gryphon Digital Mining, Inc. (NASDAQ:GRYP) by 75.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,169 shares of the company’s stock after purchasing an additional 17,296 shares during the quarter. XTX Topco Ltd owned 0.10% of Gryphon Digital Mining worth $27,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 10.21% of the company’s stock.

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.