BitFuFu Inc. (NASDAQ:FUFU) Holdings Cut by MMCAP International Inc. SPC

MMCAP International Inc. SPC lowered its holdings in BitFuFu Inc. (NASDAQ:FUFU) by 22.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 9,497 shares of the company’s stock after selling 2,771 shares during the period. MMCAP International Inc. SPC’s holdings in BitFuFu were worth $47,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of FUFU. Wellington Management Group LLP bought a new position in BitFuFu in the third quarter worth about $110,000. XTX Topco Ltd bought a new position in BitFuFu in the third quarter worth about $107,000. Finally, Jane Street Group LLC lifted its holdings in BitFuFu by 14.0% in the third quarter. Jane Street Group LLC now owns 16,153 shares of the company’s stock worth $65,000 after acquiring an additional 1,984 shares during the last quarter. Institutional investors own 37.26% of the company’s stock.

Wall Street Analyst Weigh In

Separately, HC Wainwright reissued a “buy” rating and issued a $7.00 target price on shares of BitFuFu in a report on Friday, February 21st.

BitFuFu Stock Performance

Shares of NASDAQ:FUFU opened at $4.88 on Wednesday. The firm’s 50 day moving average is $5.15 and its two-hundred day moving average is $4.90. BitFuFu Inc. has a 52 week low of $2.32 and a 52 week high of $18.32. The company has a debt-to-equity ratio of 0.88, a quick ratio of 4.09 and a current ratio of 4.09.

BitFuFu 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.