Jane Street Group LLC Boosts Stake in BitFuFu Inc. (NASDAQ:FUFU)

Jane Street Group LLC raised its holdings in shares of BitFuFu Inc. (NASDAQ:FUFU) by 14.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,153 shares of the company’s stock after purchasing an additional 1,984 shares during the period. Jane Street Group LLC’s holdings in BitFuFu were worth $65,000 as of its most recent SEC filing.

Separately, Wellington Management Group LLP bought a new stake in BitFuFu during the 3rd quarter valued at $110,000. Institutional investors and hedge funds own 37.26% of the company’s stock.

BitFuFu Trading Up 1.0 %

Shares of NASDAQ:FUFU opened at $5.27 on Thursday. The firm has a fifty day moving average of $5.32 and a two-hundred day moving average of $4.79. The company has a debt-to-equity ratio of 0.88, a current ratio of 4.09 and a quick ratio of 4.09. BitFuFu Inc. has a 12-month low of $2.32 and a 12-month high of $18.32.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reaffirmed a “buy” rating and set a $7.00 target price on shares of BitFuFu in a research note on Monday, December 9th.

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.