Fusemachines Inc. (NASDAQ:FUSE) Short Interest Update

Fusemachines Inc. (NASDAQ:FUSE) was the recipient of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 1,410,337 shares, a growth of 191.8% from the July 30th total of 483,308 shares. Approximately 7.1% of the shares of the company are short sold. Based on an average trading volume of 8,424,505 shares, the days-to-cover ratio is presently 0.2 days.

Analyst Upgrades and Downgrades

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

Fusemachines Trading Down 1.7%

FUSE traded down $0.01 on Thursday, reaching $0.76. The stock had a trading volume of 125,839 shares, 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 company has a market cap of $22.09 million, a P/E ratio of -5.86 and a beta of 0.90. The business’s 50-day moving average price is $0.93 and its two-hundred day moving average price is $1.24.

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

Hedge Funds Weigh In On Fusemachines

Several hedge funds and other institutional investors have recently modified their holdings of the business. Meteora Capital LLC boosted its stake in 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 stake in shares of Fusemachines in the 4th quarter valued at approximately $124,000. Geode Capital Management LLC acquired a new stake in shares of Fusemachines during the 4th quarter worth approximately $116,000. Saba Capital Management L.P. purchased a new position in Fusemachines in the fourth quarter worth approximately $112,000. Finally, Alberta Investment Management Corp purchased a new stake in Fusemachines in the fourth quarter valued at $78,000. 46.80% of the stock is owned by hedge funds and other institutional investors.

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.