Rising Squeeze Risk for CIFR
Cipher Mining (NASDAQ: CIFR) has emerged as a top candidate for a potential short squeeze, with its proprietary squeeze score rising from 82.6 to 92.6 in the latest data update. The stock currently exhibits a short interest of 21.7% of its float, making it one of the most heavily shorted equities in the current market.
Market Dynamics
With a days-to-cover ratio of 1.6, the stock is susceptible to rapid price movements should short sellers be forced to cover their positions. The borrow fee remains relatively low at 0.3%, but the high short interest as a percentage of float indicates a crowded trade that is sensitive to positive price catalysts.
Key Takeaways
- CIFR squeeze score increased significantly to 92.6.
- Short interest stands at 21.7% of the float.
- Days-to-cover ratio is 1.6, suggesting potential for rapid covering.
- The stock is currently ranked #1 on the most-shorted list by Tapeboard.
The Bottom Line
CIFR is exhibiting classic signs of a crowded short position. With a high squeeze score and significant float percentage held short, the stock remains a high-volatility candidate for traders monitoring short-covering rallies.
Signal data sourced from Tapeboard. This post is an original analysis prepared by The Forensic Ledger from publicly available data. Not investment advice.
Not investment advice. This is original reporting and analysis prepared by The Forensic Ledger from publicly available data. Nothing here is a recommendation to buy, sell, or hold any security. Always consult the original source and a licensed professional. See our full disclaimer and source-citation policy.