Fusion Acquisition Corp. (NYSE:FUSE) was the recipient of a large decline in short interest during the month of April. As of April 15th, there was short interest totalling 1,430,000 shares, a decline of 20.1% from the March 31st total of 1,790,000 shares. Based on an average daily trading volume, of 2,030,000 shares, the short-interest ratio is currently 0.7 days.
Shares of NYSE FUSE traded up $0.05 during mid-day trading on Tuesday, hitting $9.91. 361,494 shares of the company’s stock traded hands, compared to its average volume of 1,961,994. Fusion Acquisition has a 1 year low of $9.68 and a 1 year high of $12.90. The company’s 50-day moving average is $10.01 and its two-hundred day moving average is $10.54.
A number of hedge funds have recently modified their holdings of the business. OLD Mission Capital LLC purchased a new position in shares of Fusion Acquisition during the 3rd quarter worth about $121,000. Oxinas Partners Wealth Management LLC bought a new stake in Fusion Acquisition during the 4th quarter valued at about $181,000. Penserra Capital Management LLC purchased a new stake in Fusion Acquisition in the 4th quarter valued at about $209,000. Clear Harbor Asset Management LLC purchased a new stake in shares of Fusion Acquisition in the first quarter valued at approximately $229,000. Finally, Tuttle Tactical Management bought a new position in Fusion Acquisition in the fourth quarter worth approximately $394,000. Institutional investors and hedge funds own 44.00% of the company’s stock.
Fusion Acquisition Corp. does not have significant operations. It focuses on entering into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in New York, New York.
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