Looking Into Cipher Mining's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Cipher Mining (NYSE:CIFR) has seen a rise in short interest, with 10.66% of its float sold short, higher than its peers' average of 6.97%. This indicates increased bearish sentiment, but it doesn't necessarily predict a price drop.
October 04, 2024 | 5:45 pm
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Cipher Mining's short interest has increased to 10.66% of its float, indicating a rise in bearish sentiment compared to its peers. This could lead to increased volatility in the stock price.
The increase in short interest to 10.66% of float suggests that investors are more bearish on Cipher Mining compared to its peers, whose average short interest is 6.97%. This could lead to increased volatility and potential downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100