Griid Infrastructure Inc. (NASDAQ:GRDI) Short Interest Update

Griid Infrastructure Inc. (NASDAQ:GRDI) was the target of a significant drop in short interest during the month of September. As of September 30th, there was short interest totalling 391,400 shares, a drop of 8.3% from the September 15th total of 427,000 shares. Approximately 1.9% of the company’s shares are short sold. Based on an average trading volume of 109,600 shares, the short-interest ratio is currently 3.6 days.

Griid Infrastructure Trading Up 2.4 %

Shares of GRDI opened at $0.85 on Wednesday. Griid Infrastructure has a 1-year low of $0.56 and a 1-year high of $9.66. The firm has a 50-day simple moving average of $0.88 and a two-hundred day simple moving average of $0.95.

Griid Infrastructure (NASDAQ:GRDI) last announced its quarterly earnings results on Wednesday, August 14th. The company reported ($0.15) earnings per share for the quarter. The business had revenue of $4.71 million for the quarter.

Institutional Investors Weigh In On Griid Infrastructure

An institutional investor recently bought a new position in Griid Infrastructure stock. Private Client Services LLC purchased a new position in shares of Griid Infrastructure Inc. (NASDAQ:GRDI) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 38,200 shares of the company’s stock, valued at approximately $40,000. Private Client Services LLC owned approximately 0.05% of Griid Infrastructure as of its most recent SEC filing. 77.77% of the stock is currently owned by hedge funds and other institutional investors.

Griid Infrastructure Company Profile

Griid Infrastructure Inc operates as a vertically integrated bitcoin mining company in North America. The company owns and operates a portfolio of energy infrastructure and data centers. It also engages in bitcoin mining operation, which operates specialized computers that generate cryptocurrency. The company was founded in 2018 and is based in Cincinnati, Ohio.