Fusemachines Inc. (NASDAQ:FUSE) Sees Significant Growth in Short Interest

Fusemachines Inc. (NASDAQ:FUSEGet Free Report) was the recipient of a large growth in short interest in August. As of August 14th, there was short interest totaling 1,410,337 shares, a growth of 191.8% from the July 30th total of 483,308 shares. Currently, 7.1% of the company’s stock are sold short. Based on an average daily volume of 8,424,505 shares, the short-interest ratio is currently 0.2 days.

Fusemachines Stock Down 8.5%

FUSE traded down $0.07 during trading hours on Friday, hitting $0.70. The stock had a trading volume of 259,151 shares, compared to its average volume of 2,805,135. The stock has a market cap of $20.21 million, a PE ratio of -5.36 and a beta of 0.90. The company’s fifty day simple moving average is $0.93 and its 200 day simple moving average is $1.24. Fusemachines has a 1 year low of $0.68 and a 1 year high of $4.25.

Fusemachines (NASDAQ:FUSEGet Free Report) last released its quarterly earnings data on Friday, August 7th. The company reported ($0.10) EPS for the quarter. The company had revenue of $1.79 million for the quarter.

Hedge Funds Weigh In On Fusemachines

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Calamos Advisors LLC bought a new position in shares of Fusemachines in the fourth quarter worth approximately $124,000. MMCAP International Inc. SPC bought a new stake in Fusemachines in the fourth quarter worth $58,000. Geode Capital Management LLC purchased a new stake in Fusemachines during the 4th quarter valued at about $116,000. Meteora Capital LLC grew its holdings in shares of Fusemachines by 22.0% in the fourth quarter. Meteora Capital LLC now owns 1,088,350 shares of the company’s stock worth $1,796,000 after purchasing an additional 196,420 shares during the last quarter. Finally, Saba Capital Management L.P. bought a new stake in Fusemachines in the 4th quarter worth $112,000. 46.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Fusemachines in a research report on Friday, August 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

View Our Latest Analysis on Fusemachines

About Fusemachines

(Get Free Report)

Fusemachines (NASDAQ: FUSE) is a technology company that develops and delivers artificial intelligence solutions and talent services for enterprises. The company provides AI engineering, model development, and deployment services to help organizations integrate machine learning and automation into business processes. Fusemachines also offers training and workforce development programs designed to build in-house AI capabilities and supply skilled practitioners to enterprise clients.

Founded by Sameer Maskey, Fusemachines has positioned itself as both a provider of AI technology and an educator aimed at expanding the pool of qualified AI professionals.

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