BitFuFu Inc. (NASDAQ:FUFU - Get Free Report) was the recipient of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 396,600 shares, an increase of 35.9% from the February 13th total of 291,800 shares. Approximately 2.5% of the shares of the company are short sold. Based on an average daily volume of 159,100 shares, the days-to-cover ratio is presently 2.5 days.
BitFuFu Stock Down 1.7 %
FUFU traded down $0.08 during trading hours on Friday, hitting $4.44. The stock had a trading volume of 139,444 shares, compared to its average volume of 154,669. The company's fifty day simple moving average is $4.93 and its 200 day simple moving average is $4.90. BitFuFu has a 1 year low of $2.32 and a 1 year high of $7.39. The company has a current ratio of 4.09, a quick ratio of 4.09 and a debt-to-equity ratio of 0.88.
Institutional Investors Weigh In On BitFuFu
Several large investors have recently added to or reduced their stakes in FUFU. Wellington Management Group LLP purchased a new stake in BitFuFu in the 3rd quarter worth about $110,000. XTX Topco Ltd purchased a new position in BitFuFu during the 3rd quarter valued at about $107,000. WINTON GROUP Ltd purchased a new position in BitFuFu during the 4th quarter valued at about $83,000. OLD Mission Capital LLC purchased a new position in BitFuFu during the 4th quarter valued at about $67,000. Finally, Prospect Financial Group LLC purchased a new position in BitFuFu during the 4th quarter valued at about $50,000. Hedge funds and other institutional investors own 37.26% of the company's stock.
Analysts Set New Price Targets
Separately, HC Wainwright reaffirmed a "buy" rating and set a $7.00 target price on shares of BitFuFu in a research report on Friday, February 21st.
View Our Latest Analysis on BitFuFu
About BitFuFu
(
Get Free Report)
BitFuFu Inc provides digital asset mining and cloud-mining services in Singapore. It also offers miner rental, and miner hosting and sales services to institutional customers and individual digital asset enthusiasts. The company is based in Singapore, Singapore.
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