Uni-Fuels (NASDAQ:UFG) Shares Down 2.9% - Here's Why

Key Points

• Uni-Fuels Holdings Limited (NASDAQ: UFG) experienced a 2.9% decline in share price during trading, closing at $7.63 after reaching a low of $7.55.
• The trading volume was significantly reduced, with only 25,935 shares exchanged, a decline of 96% from the average session volume.
• Marex Group plc recently acquired a new stake in Uni-Fuels, purchasing 46,882 shares valued at approximately $105,000.

Shares of Uni-Fuels Holdings Limited (NASDAQ:UFG - Get Free Report) were down 2.9% on Wednesday . The company traded as low as $7.55 and last traded at $7.63. Approximately 25,935 shares traded hands during trading, a decline of 96% from the average daily volume of 660,523 shares. The stock had previously closed at $7.86.

Uni-Fuels Price Performance

The stock's 50-day simple moving average is $4.93.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Uni-Fuels stock. Marex Group plc acquired a new stake in Uni-Fuels Holdings Limited (NASDAQ:UFG - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm acquired 46,882 shares of the company's stock, valued at approximately $105,000. Marex Group plc owned about 0.16% of Uni-Fuels as of its most recent filing with the SEC.

About Uni-Fuels

We are a service provider of marine fuels solutions headquartered in Singapore. We market, resell and broker marine fuels products such as very low sulfur fuel oil (“VLSFO”), high sulfur fuel oil (“HSFO”), and marine gas oil (“MGO”). We offer these products to shipping companies and marine fuels suppliers worldwide in-port and offshore.