BitFuFu Inc. (NASDAQ:FUFUW) Short Interest Up 475.0% in August

BitFuFu Inc. (NASDAQ:FUFUW) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totalling 2,300 shares, an increase of 475.0% from the August 15th total of 400 shares. Based on an average daily volume of 16,900 shares, the days-to-cover ratio is presently 0.1 days.

BitFuFu Stock Performance

NASDAQ:FUFUW traded up $0.05 during mid-day trading on Thursday, hitting $0.40. The company’s stock had a trading volume of 11,888 shares, compared to its average volume of 26,220. The business’s fifty day moving average price is $0.42. BitFuFu has a 1 year low of $0.15 and a 1 year high of $0.80.

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.