Riot Platforms, Inc. RIOT and Marathon Digital Holdings, Inc. MARA shares are trading higher Monday as the price of Bitcoin BTC/USD is up nearly 8% over the last five days.
What To Know:
Shares of Bitcoin-related Riot Platforms and Marathon Digital are higher as the price of Bitcoin has climbed above $28,000 for the first time since August.
Marathon Digital stock has outsized short interest with 29.44% of MARA shares being sold short.
Riot Platforms also has significant short interest with 17.47% of available shares being sold short, according to data from Benzinga Pro.
Both MARA and RIOT have also attracted attention from retail investors, and both tickers are listed among the top trending on Yahoo! Finance.
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RIOT, MARA Price Action: According to Benzinga Pro, Riot Platforms shares are up 16% at $10.84, and Marathon Digital Holdings shares are up 12% at $9.54 at the time of publication.
Image: Gerd Altmann from Pixabay
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