BitFuFu Inc. (NASDAQ:FUFUW) Sees Significant Decrease in Short Interest

BitFuFu Inc. (NASDAQ:FUFUW) was the recipient of a significant drop in short interest in February. As of February 27th, there was short interest totaling 1,374 shares, a drop of 48.7% from the February 12th total of 2,680 shares. Based on an average trading volume of 10,724 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 10,724 shares, the days-to-cover ratio is currently 0.1 days.

BitFuFu Price Performance

BitFuFu stock remained flat at $0.17 during mid-day trading on Friday. 3,922 shares of the company were exchanged, compared to its average volume of 19,321. The company’s 50 day moving average price is $0.22 and its 200-day moving average price is $0.28. BitFuFu has a 52 week low of $0.14 and a 52 week high of $0.57.

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.