Fusemachines Inc. (NASDAQ:FUSE – Get Free Report) was the recipient of a significant decrease in short interest in October. As of October 15th, there was short interest totaling 557,986 shares, a decrease of 36.3% from the September 30th total of 876,007 shares. Based on an average trading volume of 152,925 shares, the days-to-cover ratio is presently 3.6 days. Approximately 2.5% of the shares of the stock are short sold.
Fusemachines Stock Performance
Shares of NASDAQ:FUSE opened at $0.35 on Wednesday. The business has a fifty day moving average of $0.51 and a 200-day moving average of $1.09. Fusemachines has a twelve month low of $0.32 and a twelve month high of $3.67.
Fusemachines (NASDAQ:FUSE – Get Free Report) last issued its quarterly earnings results on Tuesday, November 3rd. The company reported ($0.15) earnings per share (EPS) for the quarter. The company had revenue of $1.85 million for the quarter.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reaffirmed 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. According to MarketBeat.com, the company presently has an average rating of “Sell”.
Read Our Latest Research Report on FUSE
Hedge Funds Weigh In On Fusemachines
A hedge fund recently bought a new stake in Fusemachines stock. Calamos Advisors LLC acquired a new position in Fusemachines Inc. (NASDAQ:FUSE – Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 75,000 shares of the company’s stock, valued at approximately $39,000. Calamos Advisors LLC owned about 0.23% of Fusemachines at the end of the most recent reporting period. 46.80% of the stock is currently owned by hedge funds and other institutional investors.
About Fusemachines
Fusemachines is an artificial intelligence (AI) technology company that develops and delivers AI solutions for businesses and organizations. Its activities include AI strategy and consulting, data engineering, machine learning development, and the implementation of customized software designed to help clients automate processes and use data more effectively.
The company offers AI development and deployment tools, including platforms intended to support data preparation, model development, and the management of AI applications.
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