BitFuFu Inc. (NASDAQ:FUFU) Short Interest Down 35.5% in May

Posted by Stanley Muller on Jun 16th, 2026

BitFuFu Inc. (NASDAQ:FUFU – Get Free Report) was the recipient of a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 105,202 shares, a decline of 35.5% from the May 14th total of 163,149 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 246,854 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Trading of BitFuFu

Institutional investors have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of BitFuFu in the second quarter worth $529,000. Invesco Ltd. acquired a new position in shares of BitFuFu in the second quarter worth $321,000. Harvest Portfolios Group Inc. grew its stake in shares of BitFuFu by 153.9% in the third quarter. Harvest Portfolios Group Inc. now owns 111,987 shares of the company’s stock worth $420,000 after acquiring an additional 67,882 shares in the last quarter. Vident Advisory LLC grew its stake in shares of BitFuFu by 24.3% in the second quarter. Vident Advisory LLC now owns 245,497 shares of the company’s stock worth $793,000 after acquiring an additional 47,987 shares in the last quarter. Finally, RPO LLC acquired a new position in shares of BitFuFu in the fourth quarter worth $61,000. Institutional investors and hedge funds own 37.26% of the company’s stock.

BitFuFu Trading Up 1.4%

BitFuFu stock traded up $0.03 during trading on Tuesday, hitting $1.86. The company had a trading volume of 158,825 shares, compared to its average volume of 180,592. BitFuFu has a 1-year low of $1.56 and a 1-year high of $5.38. The company has a current ratio of 4.16, a quick ratio of 4.16 and a debt-to-equity ratio of 0.81. The company’s 50 day simple moving average is $2.05 and its 200-day simple moving average is $2.43. The stock has a market cap of $309.06 million, a price-to-earnings ratio of -4.22 and a beta of 0.42.

BitFuFu (NASDAQ:FUFU – Get Free Report) last posted its earnings results on Saturday, March 21st. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.18). BitFuFu had a negative net margin of 16.06% and a negative return on equity of 3.81%. The company had revenue of $103.42 million during the quarter, compared to analyst estimates of $105.15 million. As a group, analysts expect that BitFuFu will post 0.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on FUFU. Zacks Research lowered shares of BitFuFu from a “hold” rating to a “strong sell” rating in a research report on Friday, May 22nd. HC Wainwright reduced their price target on shares of BitFuFu from $7.00 to $4.00 and set a “buy” rating on the stock in a research report on Monday, March 23rd. Weiss Ratings lowered shares of BitFuFu from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, May 4th. Finally, Wall Street Zen downgraded shares of BitFuFu from a “hold” rating to a “sell” rating in a report on Saturday, June 6th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $5.38.

Read Our Latest Stock Report on BitFuFu

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.