Ionic Digital Inc. (NASDAQ:IOND) Short Interest Up ∞ in July

Ionic Digital Inc. (NASDAQ:IOND) saw a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 79,623 shares, a growth of ∞ from the July 15th total of 0 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average trading volume of 472,131 shares, the short-interest ratio is presently 0.2 days.

Ionic Digital Stock Down 1.3%

IOND stock opened at $65.15 on Friday. Ionic Digital has a twelve month low of $50.00 and a twelve month high of $71.90.

Ionic Digital Company Profile

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.