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

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

Hedge Funds Weigh In On Fusemachines

Large investors have recently bought and sold shares of the company. MMCAP International Inc. SPC purchased a new position in Fusemachines during the 4th quarter worth $58,000. Alberta Investment Management Corp purchased a new position in Fusemachines during the 4th quarter worth $78,000. Saba Capital Management L.P. purchased a new position in Fusemachines during the 4th quarter worth $112,000. Geode Capital Management LLC purchased a new position in Fusemachines during the 4th quarter worth $116,000. Finally, Calamos Advisors LLC purchased a new position in Fusemachines during the 4th quarter worth $124,000. Hedge funds and other institutional investors own 46.80% of the company’s stock.

Fusemachines Price Performance

NASDAQ:FUSE traded up $0.15 during trading hours on Friday, reaching $1.62. 154,332 shares of the company’s stock were exchanged, compared to its average volume of 228,048. The firm’s 50-day moving average is $1.43. Fusemachines has a 1-year low of $0.80 and a 1-year high of $4.25.

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings assumed coverage on shares of Fusemachines in a research note on Tuesday, January 27th. They set a “sell (d-)” rating for the company. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

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.