BitFuFu Inc. (NASDAQ:FUFU - Get Free Report) saw a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 396,600 shares, a growth of 35.9% from the February 13th total of 291,800 shares. Based on an average trading volume of 159,100 shares, the days-to-cover ratio is presently 2.5 days. Currently, 2.5% of the company's shares are short sold.
Wall Street Analyst Weigh In
Separately, HC Wainwright restated a "buy" rating and set a $7.00 target price on shares of BitFuFu in a report on Friday, February 21st.
View Our Latest Stock Report on BitFuFu
BitFuFu Price Performance
FUFU stock traded up $0.08 during trading on Thursday, hitting $4.53. 216,916 shares of the company traded hands, compared to its average volume of 155,049. 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. The company has a 50-day moving average of $4.95 and a 200-day moving average of $4.90.
Institutional Investors Weigh In On BitFuFu
Institutional investors and hedge funds have recently bought and sold shares of the business. Prospect Financial Group LLC purchased a new stake in BitFuFu in the 4th quarter worth approximately $50,000. OLD Mission Capital LLC purchased a new stake in BitFuFu in the 4th quarter worth approximately $67,000. Jane Street Group LLC lifted its holdings in BitFuFu by 14.0% in the 3rd quarter. Jane Street Group LLC now owns 16,153 shares of the company's stock worth $65,000 after buying an additional 1,984 shares during the period. WINTON GROUP Ltd purchased a new stake in BitFuFu in the 4th quarter worth approximately $83,000. Finally, XTX Topco Ltd purchased a new stake in BitFuFu in the 3rd quarter worth approximately $107,000. Hedge funds and other institutional investors own 37.26% of the company's stock.
BitFuFu Company Profile
(
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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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