Short Interest in Fusemachines Inc. (NASDAQ:FUSE) Increases By 191.8%

Fusemachines Inc. (NASDAQ:FUSE) saw a significant increase in short interest in the month of 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. Approximately 7.1% of the company’s shares are sold short. Based on an average daily trading volume, of 8,424,505 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On Fusemachines

Several hedge funds have recently added to or reduced their stakes in the stock. Meteora Capital LLC grew its holdings in shares of Fusemachines by 22.0% during the fourth quarter. Meteora Capital LLC now owns 1,088,350 shares of the company’s stock worth $1,796,000 after buying an additional 196,420 shares during the last quarter. Calamos Advisors LLC purchased a new position in shares of Fusemachines in the 4th quarter valued at approximately $124,000. Geode Capital Management LLC acquired a new position in shares of Fusemachines in the fourth quarter valued at approximately $116,000. Saba Capital Management L.P. purchased a new stake in shares of Fusemachines during the fourth quarter worth approximately $112,000. Finally, Alberta Investment Management Corp acquired a new stake in shares of Fusemachines during the fourth quarter worth $78,000. 46.80% of the stock is currently owned by hedge funds and other institutional investors.

Fusemachines Price Performance

Shares of FUSE stock traded down $0.01 during trading hours on Thursday, reaching $0.76. 125,839 shares of the stock were exchanged, compared to its average volume of 4,352,198. Fusemachines has a 12-month low of $0.75 and a 12-month high of $4.25. The firm has a market capitalization of $22.09 million, a P/E ratio of -5.86 and a beta of 0.90. The business’s fifty day moving average is $0.93 and its two-hundred day moving average is $1.24.

Fusemachines (NASDAQ:FUSE) last released its quarterly earnings data on Friday, August 7th. The company reported ($0.10) earnings per share (EPS) for the quarter. The firm had revenue of $1.79 million for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Fusemachines in a research report on Friday, August 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock 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.