Fusemachines Inc. (NASDAQ:FUSE) Short Interest Update

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Fusemachines in a report on Friday, August 21st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Fusemachines currently has an average rating of “Sell”.

Hedge Funds Weigh In On Fusemachines

A number of hedge funds and other institutional investors have recently made changes to their positions in FUSE. Meteora Capital LLC boosted its stake in Fusemachines by 22.0% in the fourth quarter. Meteora Capital LLC now owns 1,088,350 shares of the company’s stock valued at $1,796,000 after acquiring an additional 196,420 shares during the last quarter. Calamos Advisors LLC purchased a new position in shares of Fusemachines during the fourth quarter worth approximately $124,000. Geode Capital Management LLC bought a new position in shares of Fusemachines during the 4th quarter valued at $116,000. Saba Capital Management L.P. purchased a new position in Fusemachines in the 4th quarter worth $112,000. Finally, Alberta Investment Management Corp bought a new stake in Fusemachines in the fourth quarter worth $78,000. 46.80% of the stock is owned by hedge funds and other institutional investors.

Fusemachines Price Performance

Shares of NASDAQ FUSE traded down $0.07 during midday trading on Friday, reaching $0.70. The company’s stock had a trading volume of 259,859 shares, compared to its average volume of 4,354,055. Fusemachines has a 12-month low of $0.68 and a 12-month high of $4.25. The firm has a 50 day moving average price of $0.92 and a 200-day moving average price of $1.24. The stock has a market capitalization of $20.21 million, a P/E ratio of -5.36 and a beta of 0.90.

Fusemachines (NASDAQ:FUSE) last issued its quarterly earnings results on Friday, August 7th. The company reported ($0.10) EPS for the quarter. The company had revenue of $1.79 million during the quarter.

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.