TeraWulf Inc. (NASDAQ:WULF) stock gave up early gains Monday after climbing to a fresh 52-week high, as investors locked in profits following the stock’s recent rally.
The stock touched an intraday high of $29.84 before reversing lower.
Short Interest Metrics Shift
The downward movement comes alongside changes in the company’s short interest. During the last reporting period, short interest in TeraWulf decreased from 110.27 million to 108.78 million shares.
This volume represents 25.85% of the company’s publicly available shares sold short. Based on the recent average daily trading volume of 27.07 million shares, short sellers would require 4.02 days to close out their positions.
