Gryphon Digital Mining Sees 150.9% Rise in Short Interest in July

Gryphon Digital Mining, Inc. (NASDAQ:GRYP) experienced a dramatic surge in short interest during July, increasing by 150.9% to reach 5.82 million shares. Recently, the company's stock declined by 2.8%, trading around $1.05, within a 52-week range of $0.13 to $2.93. Insider activity shows that Director Daniel George Tolhurst sold 474,339 shares at an average price of $1.30, reducing his holdings by 43.28%. Despite the recent drop, Gryphon's stock has a market capitalization of approximately $86.24 million, with key moving averages at $1.11 (50-day) and $0.62 (200-day). The company's latest quarterly earnings, reported on May 15th, showed a loss of $0.09 per share, with analysts projecting a broader loss of $0.76 for the current year. Institutional investors have recently adjusted their positions, with some increasing holdings, while insiders have sold significant shares in recent months. Gryphon Digital Mining, based in Las Vegas, specializes in bitcoin mining operations and ESG-focused mining initiatives. Although currently rated as a hold, the stock's short interest and trading activity suggest heightened investor interest amid ongoing industry developments.