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

BitFuFu Inc. (NASDAQ:FUFUW) saw 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 trading volume, of 4,520 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily trading volume, of 4,520 shares, the days-to-cover ratio is presently 0.6 days.

BitFuFu Trading Down 23.6%

Shares of BitFuFu stock traded down $0.05 during midday trading on Thursday, hitting $0.16. The company had a trading volume of 26,630 shares, compared to its average volume of 9,964. BitFuFu has a 1-year low of $0.16 and a 1-year high of $0.60. The business’s 50 day simple moving average is $0.24 and its two-hundred day simple moving average is $0.31.

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.