Short Interest in Fusemachines Inc. (NASDAQ:FUSE) Drops By 51.2%

Fusemachines Inc. (NASDAQ:FUSE) saw a large decline in short interest in April. As of April 30th, there was short interest totaling 967,018 shares, a decline of 51.2% from the April 15th total of 1,979,912 shares. Based on an average trading volume of 344,455 shares, the short-interest ratio is currently 2.8 days. Approximately 19.7% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings initiated coverage on shares of Fusemachines in a report on Tuesday, January 27th. They set a “sell (d-)” rating for the company. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

Fusemachines Stock Up 10.2%

NASDAQ FUSE traded up $0.15 on Friday, hitting $1.62. 154,332 shares of the stock were exchanged, compared to its average volume of 228,048. The firm has a 50-day simple moving average of $1.43. Fusemachines has a fifty-two week low of $0.80 and a fifty-two week high of $4.25.

Fusemachines (NASDAQ:FUSE) last issued its earnings results on Friday, May 15th. The company reported ($0.03) earnings per share (EPS) for the quarter. The firm had revenue of $1.88 million for the quarter.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of FUSE. Meteora Capital LLC boosted its holdings in shares of Fusemachines by 22.0% in the 4th quarter. Meteora Capital LLC now owns 1,088,350 shares of the company’s stock valued at $1,796,000 after buying an additional 196,420 shares in the last quarter. Calamos Advisors LLC acquired a new position in shares of Fusemachines in the 4th quarter valued at $124,000. Geode Capital Management LLC acquired a new position in shares of Fusemachines in the 4th quarter valued at $116,000. Saba Capital Management L.P. acquired a new position in shares of Fusemachines in the 4th quarter valued at $112,000. Finally, Alberta Investment Management Corp acquired a new position in shares of Fusemachines in the 4th quarter valued at $78,000. Institutional investors and hedge funds own 46.80% of the company’s stock.

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.