Short interest in crypto stocks increased overall in the month of November, with only two stocks witnessing declines.
CleanSpark (CLSK) saw the highest jump in short interest in the month to 32.75% from 19.89% the previous month. Strategy (MSTR) saw the second-highest jump in SI to 11.61% from 9.74% in October.
Short interest in Coinbase Global (COIN), MARA Holdings (MARA), HIVE Digital Technologies (HIVE), and Core Scientific (CORZ) increased to 7.57%, 27.5%, 6.11% and 20.16%, respectively.
Riot Platforms (RIOT) and Bitfarms (BITF) were the only companies that saw a fall in short interest to 13.69% and 14.57%, respectively.
In November, Bitcoin’s (BTC-USD) price has remained volatile, beginning the month around the $100K mark but has been swiftly declining since then, reaching as low as $80,638.73. In December so far, it has remained around the $80K to $90K level.
Earlier in the month, former NYSE president Tom Farley said the cryptocurrency’s price fluctuations will continue to be a source of anxiety for investors.
In an interview with CNBC, Farley expressed that while he remains a long-term bull on Bitcoin, “the volatility is real. The volatility is here for a long time.”
Seeking Alpha