BitFuFu Inc. (NASDAQ:FUFUW) Short Interest Down 48.7% in February

BitFuFu Inc. (NASDAQ:FUFUW) saw a large drop in short interest during the month of 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 daily trading volume, of 10,724 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 10,724 shares, the days-to-cover ratio is presently 0.1 days.

BitFuFu Price Performance

Shares of FUFUW stock remained flat at $0.17 during trading hours on Friday. 3,922 shares of the stock traded hands, compared to its average volume of 19,321. The stock has a 50-day simple moving average of $0.22 and a 200 day simple moving average of $0.28. BitFuFu has a fifty-two week low of $0.14 and a fifty-two 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.