Short Interest in BitFuFu Inc. (NASDAQ:FUFUW) Expands By 43.0%

BitFuFu Inc. (NASDAQ:FUFUW) was the target of a large increase in short interest in December. As of December 31st, there was short interest totaling 15,986 shares, an increase of 43.0% from the December 15th total of 11,176 shares. Based on an average daily trading volume, of 22,402 shares, the days-to-cover ratio is presently 0.7 days. Based on an average daily trading volume, of 22,402 shares, the days-to-cover ratio is presently 0.7 days.

BitFuFu Stock Performance

Shares of NASDAQ:FUFUW traded down $0.04 on Friday, hitting $0.27. 3,527 shares of the company were exchanged, compared to its average volume of 10,448. The company’s 50 day moving average price is $0.25 and its two-hundred day moving average price is $0.33. BitFuFu has a one year low of $0.18 and a one year high of $0.60.

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.