Short Interest in QumulusAI Inc. (NASDAQ:QMLS) Rises By ∞

QumulusAI Inc. (NASDAQ:QMLS) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 315,419 shares, a growth of ∞ from the July 15th total of 0 shares. Based on an average daily volume of 633,888 shares, the days-to-cover ratio is currently 0.5 days.

QumulusAI Stock Performance

Shares of QMLS stock opened at $7.32 on Friday. QumulusAI has a one year low of $5.40 and a one year high of $38.00.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Wall Street Zen upgraded QumulusAI to a “hold” rating in a report on Saturday, July 25th. Chardan Capital began coverage on shares of QumulusAI in a report on Wednesday. They issued a “buy” rating and a $24.50 price objective on the stock. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $24.50.

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.