Fusemachines Inc. (NASDAQ:FUSE) Short Interest Update

Fusemachines Inc. (NASDAQ:FUSE) was the recipient of a large decrease in short interest in April. As of April 30th, there was short interest totaling 967,018 shares, a decrease of 51.2% from the April 15th total of 1,979,912 shares. Based on an average daily volume of 344,455 shares, the days-to-cover ratio is presently 2.8 days. Currently, 19.7% of the shares of the stock are sold short.

Fusemachines Stock Up 10.2%

FUSE stock traded up $0.15 on Friday, reaching $1.62. 154,332 shares of the company traded hands, compared to its average volume of 201,895. The firm’s fifty day simple moving average is $1.43. Fusemachines has a one year low of $0.80 and a one year high of $4.25.

Fusemachines (NASDAQ:FUSE) last posted its earnings results on Friday, May 15th. The company reported ($0.03) EPS for the quarter. The business had revenue of $1.88 million during the quarter.

Institutional Trading of Fusemachines

Hedge funds have recently bought and sold shares of the stock. MMCAP International Inc. SPC bought a new stake in Fusemachines during the fourth quarter valued at about $58,000. Alberta Investment Management Corp purchased a new position in shares of Fusemachines in the fourth quarter valued at about $78,000. Saba Capital Management L.P. purchased a new stake in shares of Fusemachines in the fourth quarter worth about $112,000. Geode Capital Management LLC purchased a new stake in shares of Fusemachines in the fourth quarter worth about $116,000. Finally, Calamos Advisors LLC purchased a new stake in shares of Fusemachines in the fourth quarter worth about $124,000. Institutional investors own 46.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings initiated coverage on Fusemachines in a report on Tuesday, January 27th. They set a “sell (d-)” rating for the company. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Fusemachines Company Profile

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.