BitFuFu Inc. (NASDAQ:FUFU – Get Free Report) 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.
View Our Latest Research Report on FUFU
BitFuFu Price Performance
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.
Read More
- Five stocks we like better than BitFuFu
- Best Aerospace Stocks Investing
- Arqit Stock Soars as NVIDIA’s GTC Fuels Quantum Excitement
- 3 Must-Buy Warren Buffett Stocks for Volatile Times
- 3 Must-Own Stocks to Build Wealth This Decade
- ESG Stocks, What Investors Should Know
- 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.