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

Gryphon Digital Mining, Inc. (NASDAQ:GRYP) saw a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 256,700 shares, an increase of 609.1% from the October 15th total of 36,200 shares. Approximately 1.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 430,700 shares, the short-interest ratio is currently 0.6 days.

Gryphon Digital Mining Stock Performance

Shares of GRYP traded down $0.03 during midday trading on Tuesday, hitting $0.83. 1,835,941 shares of the company’s stock traded hands, compared to its average volume of 375,696. Gryphon Digital Mining has a 1 year low of $0.38 and a 1 year high of $10.30. The firm’s fifty day moving average is $0.58 and its 200-day moving average is $0.95.

Gryphon Digital Mining (NASDAQ:GRYP) last posted its earnings results on Thursday, August 15th. The company reported ($0.10) EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.08. The business had revenue of $5.52 million for the quarter, compared to analyst estimates of $5.50 million. During the same quarter last year, the business earned ($10.40) earnings per share. Equities research analysts predict that Gryphon Digital Mining will post -0.76 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Gryphon Digital Mining

Several institutional investors have recently added to or reduced their stakes in the stock. Murchinson Ltd. acquired a new stake in shares of Gryphon Digital Mining during the first quarter worth $1,175,000. SVB Wealth LLC bought a new stake in Gryphon Digital Mining in the 1st quarter valued at about $68,000. K2 Principal Fund L.P. purchased a new position in Gryphon Digital Mining in the 1st quarter worth about $971,000. Finally, MMCAP International Inc. SPC acquired a new position in shares of Gryphon Digital Mining during the 1st quarter worth $877,000. Institutional investors and hedge funds own 10.21% of the company’s stock.

Gryphon Digital Mining Company Profile

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.