QumulusAI Inc. (NASDAQ:QMLS) Stock Short Interest Jumps 74.2%

QumulusAI Inc. (NASDAQ:QMLS) was the target of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 992,995 shares, an increase of 74.2% from the September 15th total of 570,032 shares. Currently, 3.0% of the company’s stock are short sold. Based on an average daily trading volume, of 652,246 shares, the short-interest ratio is currently 1.5 days.

QumulusAI Stock Performance

QumulusAI stock traded down $0.27 during mid-day trading on Friday, hitting $3.81. 385,663 shares of the company’s stock traded hands, compared to its average volume of 530,229. The company has a 50 day moving average of $6.09. QumulusAI has a fifty-two week low of $3.70 and a fifty-two week high of $38.00. The stock has a market capitalization of $127.48 million and a PE ratio of -1.67.

QumulusAI (NASDAQ:QMLS) last issued its quarterly earnings data on Tuesday, August 25th. The company reported ($0.72) earnings per share for the quarter. The firm had revenue of $6.71 million for the quarter. Equities research analysts forecast that QumulusAI will post -2.93 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Compass Point assumed coverage on shares of QumulusAI in a research note on Friday. They issued a “buy” rating and a $9.00 price target for the company. Weiss Ratings assumed coverage on shares of QumulusAI in a research note on Monday. They set a “sell (e-)” rating on the stock. Wall Street Zen lowered shares of QumulusAI from a “hold” rating to a “sell” rating in a research note on Saturday. Zacks Research raised shares of QumulusAI to a “hold” rating in a report on Friday, August 28th. Finally, Chardan Capital reiterated a “buy” rating and issued a $23.00 target price on shares of QumulusAI in a research note on Wednesday, September 30th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $16.00.

About QumulusAI

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.