Fusemachines Inc. (NASDAQ:FUSE) Stock Short Interest Drops 36.3%

Fusemachines Inc. (NASDAQ:FUSE) saw a significant decrease in short interest in the month of 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. Currently, 2.5% of the company’s shares are sold short. Based on an average daily trading volume, of 152,925 shares, the short-interest ratio is currently 3.6 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued 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 company presently has an average rating of “Sell”.

Hedge Funds Weigh In On Fusemachines

A hedge fund recently bought a new stake in Fusemachines stock. Calamos Advisors LLC purchased a new stake in Fusemachines Inc. (NASDAQ:FUSE) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 75,000 shares of the company’s stock, valued at approximately $39,000. Calamos Advisors LLC owned 0.23% of Fusemachines as of its most recent SEC filing. 46.80% of the stock is owned by institutional investors and hedge funds.

Fusemachines Stock Down 3.7%

Fusemachines stock traded down $0.01 during midday trading on Tuesday, reaching $0.37. The stock had a trading volume of 12,265 shares, compared to its average volume of 2,478,600. Fusemachines has a 52-week low of $0.32 and a 52-week high of $3.67. The firm has a market cap of $11.94 million, a price-to-earnings ratio of -2.82 and a beta of 0.91. The company has a fifty day moving average of $0.51 and a 200 day moving average of $1.09.

Fusemachines (NASDAQ:FUSE) last issued its quarterly earnings results on Tuesday, November 3rd. The company reported ($0.15) earnings per share for the quarter. The business had revenue of $1.85 million during the quarter.

Fusemachines Company Profile

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.