Fusemachines Inc. (NASDAQ:FUSE) Sees Significant Decline in Short Interest

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

Fusemachines Trading Up 6.8%

Shares of NASDAQ:FUSE traded up $0.03 on Monday, reaching $0.39. 2,018 shares of the company’s stock were exchanged, compared to its average volume of 2,502,115. The company has a fifty day moving average of $0.52 and a 200-day moving average of $1.09. Fusemachines has a twelve month low of $0.32 and a twelve month high of $3.67. The company has a market capitalization of $12.79 million, a price-to-earnings ratio of -3.02 and a beta of 0.95.

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

Wall Street Analyst Weigh In

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

About Fusemachines

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.