Ionic Digital Inc. (NASDAQ:IOND – Get Free Report) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 79,623 shares, an increase of ∞ from the July 15th total of 0 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average trading volume of 472,131 shares, the days-to-cover ratio is currently 0.2 days.
Ionic Digital Stock Performance
Shares of NASDAQ:IOND traded up $1.51 during trading on Monday, reaching $66.66. 587,233 shares of the stock were exchanged, compared to its average volume of 1,136,176. Ionic Digital has a 12 month low of $50.00 and a 12 month high of $71.90.
About Ionic Digital
Ionic Digital, Inc is a digital asset mining company focused primarily on the production of bitcoin. The company operates and develops specialized computing infrastructure, including application-specific integrated circuit (ASIC) mining equipment and related power, cooling, and data-center systems used to validate transactions on the Bitcoin network.
Ionic Digital was established using assets associated with Celsius Mining following the bankruptcy proceedings of Celsius Network. Its operations have been associated with mining facilities in the United States, including locations in Texas and New York.
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