Gryphon Digital Mining, Inc. (NASDAQ:GRYP) Short Interest Up 150.9% in July

Key Points

• Gryphon Digital Mining, Inc. (NASDAQ:GRYP) saw a significant increase in short interest, rising by 150.9% in July, totaling 5.82 million shares.
• The company's stock price decreased by 2.8% recently, with current trading around $1.05, amid a 52-week range of $0.13 to $2.93.
• Insider transactions indicate a 43.28% decrease in Director Daniel George Tolhurst's holdings following the sale of 474,339 shares at an average price of $1.30.

Gryphon Digital Mining, Inc. (NASDAQ:GRYP - Get Free Report) was the target of a large growth in short interest in July. As of July 15th, there was short interest totaling 5,820,000 shares, agrowthof150.9% from the June 30th total of 2,320,000 shares. Based on an average daily trading volume, of 15,910,000 shares, the short-interest ratio is presently 0.4 days. Approximately12.7% of the shares of the stock are sold short. Approximately12.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 15,910,000 shares, the short-interest ratio is presently 0.4 days.

Gryphon Digital Mining Stock Down 2.8%

GRYP opened at $1.05 on Monday. Gryphon Digital Mining has a 52 week low of $0.13 and a 52 week high of $2.93. The firm has a 50-day simple moving average of $1.11 and a two-hundred day simple moving average of $0.62. The company has a market capitalization of $86.24 million, a PE ratio of -3.89 and a beta of 3.87.

Gryphon Digital Mining (NASDAQ:GRYP - Get Free Report) last announced its quarterly earnings results on Thursday, May 15th. The company reported ($0.09) EPS for the quarter. As a group, sell-side analysts expect that Gryphon Digital Mining will post -0.76 earnings per share for the current year.

Analysts Set New Price Targets

Separately, HC Wainwright reissued a "neutral" rating on shares of Gryphon Digital Mining in a report on Tuesday, May 13th.

Insider Transactions at Gryphon Digital Mining

In other Gryphon Digital Mining news, Director Daniel George Tolhurst sold 474,339 shares of the stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $1.30, for a total value of $616,640.70. Following the completion of the sale, the director owned 621,644 shares in the company, valued at approximately $808,137.20. This represents a 43.28% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last ninety days, insiders sold 2,792,968 shares of company stock valued at $3,941,214. Corporate insiders own 15.00% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. EWA LLC bought a new position in shares of Gryphon Digital Mining in the 2nd quarter valued at about $29,000. Cambridge Investment Research Advisors Inc. bought a new position in shares of Gryphon Digital Mining in the 1st quarter valued at about $66,000. Finally, Murchinson Ltd. lifted its holdings in shares of Gryphon Digital Mining by 271.4% in the 1st quarter. Murchinson Ltd. now owns 2,403,988 shares of the company's stock valued at $409,000 after acquiring an additional 1,756,649 shares during the last quarter. 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.

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