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

BitFuFu Inc. (NASDAQ:FUFUW) saw a large decline in short interest in the month of January. As of January 15th, there was short interest totaling 5,736 shares, a decline of 64.1% from the December 31st total of 15,986 shares. Based on an average trading volume of 11,118 shares, the days-to-cover ratio is currently 0.5 days. Based on an average trading volume of 11,118 shares, the days-to-cover ratio is currently 0.5 days.

BitFuFu Stock Performance

NASDAQ:FUFUW traded up $0.02 during mid-day trading on Thursday, hitting $0.25. 508 shares of the stock traded hands, compared to its average volume of 8,319. BitFuFu has a 52 week low of $0.18 and a 52 week high of $0.60. The firm’s 50 day moving average is $0.25 and its two-hundred day moving average is $0.32.

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.