BitFuFu Inc. (NASDAQ:FUFU – Get Free Report) was the target of a large growth in short interest during 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 daily volume of 159,100 shares, the short-interest ratio is currently 2.5 days. Currently, 2.5% of the shares of the stock are short sold.
BitFuFu Stock Performance
Shares of FUFU traded down $0.17 during midday trading on Tuesday, hitting $4.44. 109,355 shares of the company traded hands, compared to its average volume of 156,100. The firm has a 50 day moving average of $4.99 and a 200-day moving average of $4.91. BitFuFu has a 52 week low of $2.32 and a 52 week high of $7.39. The company has a quick ratio of 4.09, a current ratio of 4.09 and a debt-to-equity ratio of 0.88.
Wall Street Analyst Weigh In
Separately, HC Wainwright reissued a “buy” rating and set a $7.00 price objective on shares of BitFuFu in a report on Friday, February 21st.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Prospect Financial Group LLC bought a new position in shares of BitFuFu in the 4th quarter valued at about $50,000. Jane Street Group LLC lifted its holdings in shares of BitFuFu by 14.0% in the 3rd quarter. Jane Street Group LLC now owns 16,153 shares of the company’s stock valued at $65,000 after acquiring an additional 1,984 shares during the last quarter. OLD Mission Capital LLC bought a new position in shares of BitFuFu in the 4th quarter valued at about $67,000. WINTON GROUP Ltd bought a new position in shares of BitFuFu in the 4th quarter valued at about $83,000. Finally, XTX Topco Ltd bought a new position in shares of BitFuFu in the 3rd quarter valued at about $107,000. Institutional investors own 37.26% of the company’s stock.
About BitFuFu
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.
Read More
- Five stocks we like better than BitFuFu
- Pros And Cons Of Monthly Dividend Stocks
- Arqit Stock Soars as NVIDIA’s GTC Fuels Quantum Excitement
- 3 Small Caps With Big Return Potential
- 3 Must-Own Stocks to Build Wealth This Decade
- TSX Venture Exchange (Formerly Canadian Venture Exchange)
- Advanced Micro Devices Eyes AI Market Growth—Is AMD a Buy?
Receive News & Ratings for BitFuFu Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BitFuFu and related companies with MarketBeat.com's FREE daily email newsletter.
