Fusemachines Inc. (NASDAQ:FUSE – Get 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:FUSE – Get 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
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
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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