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

BitFuFu Inc. (NASDAQ:FUFU) saw 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. Currently, 2.5% of the company’s stock are sold short. Based on an average trading volume of 159,100 shares, the short-interest ratio is presently 2.5 days.

BitFuFu Stock Performance

Shares of BitFuFu stock traded up $0.20 on Friday, reaching $4.43. 199,898 shares of the company were exchanged, compared to its average volume of 156,092. BitFuFu has a one year low of $2.32 and a one 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 $5.02 and a 200 day moving average of $4.90.

Institutional Trading of BitFuFu

Several institutional investors and hedge funds have recently added to or reduced their stakes in FUFU. Wellington Management Group LLP acquired a new position in shares of BitFuFu during the 3rd quarter worth about $110,000. XTX Topco Ltd acquired a new position in BitFuFu during the third quarter worth approximately $107,000. WINTON GROUP Ltd bought a new stake in BitFuFu in the fourth quarter valued at approximately $83,000. Jane Street Group LLC lifted its position in shares of BitFuFu by 14.0% in the third quarter. Jane Street Group LLC now owns 16,153 shares of the company’s stock valued at $65,000 after buying an additional 1,984 shares during the last quarter. Finally, OLD Mission Capital LLC bought a new position in shares of BitFuFu during the 4th quarter worth approximately $67,000. 37.26% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reiterated a “buy” rating and set a $7.00 target price on shares of BitFuFu in a report on Friday, February 21st.

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.