Cipher Mining Inc. (NASDAQ:CIFR) had a significant increase in short interest in February. As of February 28th, there was short interest totaling 7,060,000 shares, an increase of 6.8% from the February 13th total of 6,610,000 shares. Approximately 18.2% of the company’s shares are shorted, with an average daily volume of 1,170,000 shares and a days-to-cover ratio of 6.0 days. Hedge funds and other institutional investors have recently made changes to their positions in the business. Kepos Capital LP acquired a new stake in shares of Cipher Mining in the third quarter valued at approximately $109,000. Van ECK Associates Corp increased its holdings in Cipher Mining by 30.5% during the third quarter and now owns 544,129 shares of the company's stock worth $686,000. Empowered Funds LLC bought a new position in shares of CIFR in the second quarter valued at $144,000. UBS Group AG raised its position in Cipher Mining from 236.7% to 236.8% during the first quarter. UBS group AG now owns 20,601 shares of the stock worth $75,000 after acquiring an additional 14,483 shares in the last quarter. 10.80% of the stock is currently owned by institutional investors and hedge funds.Cipher Mining opened at $1.83 on Thursday. The firm has a market cap of $453.02 million, a P/E ratio of -11.44, and a beta of 2.18. Cipher Mining has a twelve month low of $0.38 and a twelve month high of $3.94. The firm’s 50 day moving average price is $1.42 and its 200-day moving average Price is $2.09."
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