BitFuFu Inc. (NASDAQ:FUFUW) Sees Large Drop in Short Interest

BitFuFu Inc. (NASDAQ:FUFUW) was the recipient of a significant decline in short interest during the month of January. As of January 30th, there was short interest totaling 2,680 shares, a decline of 53.3% from the January 15th total of 5,736 shares. Based on an average daily volume of 4,520 shares, the short-interest ratio is presently 0.6 days. Based on an average daily volume of 4,520 shares, the short-interest ratio is presently 0.6 days.

BitFuFu Stock Performance

NASDAQ:FUFUW traded up $0.01 during mid-day trading on Friday, reaching $0.17. The stock had a trading volume of 407,533 shares, compared to its average volume of 25,865. The firm has a 50 day moving average price of $0.24 and a two-hundred day moving average price of $0.31. BitFuFu has a one year low of $0.14 and a one year high of $0.60.

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.