QumulusAI Inc. (NASDAQ:QMLS) Stock Short Interest Report for September

QumulusAI Inc. (NASDAQ:QMLS) was the recipient of a large growth in short interest in September. As of September 30th, there was short interest totaling 992,995 shares, a growth of 74.2% from the September 15th total of 570,032 shares. Based on an average daily volume of 652,246 shares, the days-to-cover ratio is presently 1.5 days. Currently, 3.0% of the shares of the stock are sold short.

QumulusAI Trading Down 6.6%

QumulusAI stock traded down $0.27 during mid-day trading on Friday, hitting $3.81. The company’s stock had a trading volume of 385,663 shares, compared to its average volume of 486,522. The business has a 50 day moving average of $6.09. QumulusAI has a 12 month low of $3.70 and a 12 month high of $38.00. The stock has a market cap of $127.48 million and a PE ratio of -1.67.

QumulusAI (NASDAQ:QMLS) last announced its quarterly earnings data on Tuesday, August 25th. The company reported ($0.72) earnings per share (EPS) for the quarter. The firm had revenue of $6.71 million during the quarter. Equities analysts forecast that QumulusAI will post -2.93 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on QMLS. Zacks Research raised QumulusAI to a “hold” rating in a report on Friday, August 28th. Wall Street Zen raised QumulusAI to a “hold” rating in a research note on Saturday, July 25th. Compass Point initiated coverage on QumulusAI in a research note on Friday. They issued a “buy” rating and a $9.00 target price for the company. Chardan Capital reiterated a “buy” rating and set a $23.00 price target on shares of QumulusAI in a research report on Wednesday, September 30th. Finally, Weiss Ratings started coverage on shares of QumulusAI in a research note on Monday. They set a “sell (e-)” rating on the stock. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, QumulusAI has a consensus rating of “Hold” and a consensus target price of $16.00.

QumulusAI Company Profile

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.