Looking Into Cipher Mining's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Cipher Mining (NYSE:CIFR) has seen a 4.94% increase in its short percent of float, now at 9.56% of all regular shares available for trading. This is higher than the peer group average of 7.95%. It would take traders 2.69 days to cover their short positions.
June 20, 2024 | 8:00 pm
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Cipher Mining's short percent of float has increased by 4.94%, now at 9.56%, which is higher than its peers. This indicates a bearish sentiment among investors.
The increase in short interest suggests that investors are bearish on Cipher Mining, which could lead to downward pressure on the stock price in the short term. The higher short interest compared to peers further emphasizes this sentiment.
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