CleanSpark Inc. (NASDAQ:CLSK) shares are seeing notable upward activity in Monday’s premarket session.

The move comes as the broader cryptocurrency market recovers from a volatile weekend. As of Monday morning, the total crypto market cap rose 1.39% to $2.33 trillion.

CleanSpark, a data center developer focused exclusively on bitcoin mining, typically trades in high correlation with the digital asset.

Short Interest Data Signals Tight Float

According to Benzinga, short interest in CleanSpark recently decreased from 84.93 million to 84.61 million shares. Despite this slight dip, a massive 46.36% of the company’s publicly available shares remain held short.

Based on an average daily volume…

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