BitFuFu (NASDAQ:FUFU) Stock Price Up 13.2%

Shares of BitFuFu Inc. (NASDAQ:FUFUGet Free Report) rose 13.2% during trading on Tuesday . The company traded as high as $4.00 and last traded at $3.87. Approximately 150,005 shares changed hands during trading, a decline of 43% from the average daily volume of 262,643 shares. The stock had previously closed at $3.42.

BitFuFu Trading Up 13.2 %

The company has a debt-to-equity ratio of 0.88, a current ratio of 2.93 and a quick ratio of 2.92. The company has a fifty day simple moving average of $3.47.

Institutional Trading of BitFuFu

An institutional investor recently bought a new position in BitFuFu stock. MMCAP International Inc. SPC acquired a new stake in BitFuFu Inc. (NASDAQ:FUFUFree Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 16,500 shares of the company’s stock, valued at approximately $82,000. MMCAP International Inc. SPC owned about 0.38% of BitFuFu at the end of the most recent reporting period. Institutional investors and hedge funds own 37.26% of the company’s stock.

About BitFuFu

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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.

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