Short Interest in BitFuFu Inc. (NASDAQ:FUFU) Rises By 35.9%

BitFuFu Inc. (NASDAQ:FUFU) was the recipient of a large growth in short interest in 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. Approximately 2.5% of the shares of the company are sold short.

Analyst Ratings Changes

Separately, HC Wainwright restated a “buy” rating and issued a $7.00 price objective on shares of BitFuFu in a research note on Friday, February 21st.

BitFuFu Price Performance

Shares of NASDAQ:FUFU traded down $0.17 during midday trading on Tuesday, hitting $4.44. The company had a trading volume of 109,355 shares, compared to its average volume of 156,100. BitFuFu has a 12-month low of $2.32 and a 12-month 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 fifty day moving average of $4.99 and a two-hundred day moving average of $4.91.

Institutional Investors Weigh In On BitFuFu

A number of institutional investors have recently bought and sold shares of FUFU. Prospect Financial Group LLC purchased a new stake in BitFuFu in the 4th quarter worth $50,000. Jane Street Group LLC increased its stake 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 in the last quarter. OLD Mission Capital LLC purchased a new stake in BitFuFu in the 4th quarter worth $67,000. WINTON GROUP Ltd purchased a new stake in BitFuFu in the 4th quarter worth $83,000. Finally, XTX Topco Ltd purchased a new stake in BitFuFu in the 3rd quarter worth $107,000. Hedge funds and other institutional investors own 37.26% of the company’s stock.

BitFuFu Company Profile

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.