QumulusAI Inc. (NASDAQ:QMLS) Sees Large Growth in Short Interest

QumulusAI Inc. (NASDAQ:QMLS) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 315,419 shares, an increase of ∞ from the July 15th total of 0 shares. Based on an average trading volume of 633,888 shares, the days-to-cover ratio is currently 0.5 days.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on QMLS. Wall Street Zen upgraded QumulusAI to a “hold” rating in a report on Saturday, July 25th. Chardan Capital began coverage on QumulusAI in a research note on Wednesday, August 12th. They issued a “buy” rating and a $24.50 price target for the company. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, QumulusAI currently has an average rating of “Buy” and an average price target of $24.50.

QumulusAI Stock Down 2.5%

QMLS stock opened at $7.14 on Tuesday. QumulusAI has a 52 week low of $5.40 and a 52 week high of $38.00.

About QumulusAI

QumulusAI is a cloud infrastructure company specializing in rapid deployment of graphics processing unit (“GPU”)-powered solutions for artificial intelligence (“AI”) applications, serving a critical market that is often overlooked by large-scale cloud providers (“hyperscalers”), which operate massive, standardized computing infrastructures primarily serving the largest enterprises. Our platform delivers flexible, competitively priced, and customizable solutions for underserved small and mid-market customers—including machine learning teams, AI infrastructure startups, and research institutions—while also supporting the scale and complexity requirements of large enterprises, such as long-term deployments or supplemental on-demand compute capacity.