Will Fusion Connect Inc (NASDAQ:FSNN) Run Out of Steam Soon? Short Interest is Up

Fusion Connect, Inc. (NASDAQ:FSNN) Logo

The stock of Fusion Connect Inc (NASDAQ:FSNN) registered an increase of 4.78% in short interest. FSNN’s total short interest was 4.41M shares in December as published by FINRA. Its up 4.78% from 4.21 million shares, reported previously. With 116,900 shares average volume, it will take short sellers 38 days to cover their FSNN’s short positions.

The stock decreased 4.43% or $0.09 during the last trading session, reaching $1.94. About 124,826 shares traded. Fusion Connect, Inc. (NASDAQ:FSNN) has declined 18.11% since December 8, 2017 and is downtrending. It has underperformed by 33.73% the S&P500.

Fusion Telecommunications International, Inc., together with its subsidiaries, provides cloud communications, cloud connectivity, cloud infrastructure, cloud computing, and managed cloud solutions to small, medium, and large businesses worldwide. The company has market cap of $159.30 million. The firm operates in two divisions, Business Services and Carrier Services. It currently has negative earnings. The Business Services segment offers cloud voice and unified communications as a service, which enhance communication and collaboration on virtually various devices and places; cloud connectivity services that connect clients to the cloud with managed network solutions; and cloud computing and infrastructure as service solutions that are designed to provide enterprise clients with a platform on which additional cloud services can be layered, as well as SIP trunking solution, which allows a customer to retain and use its existing telephone system.

More notable recent Fusion Connect, Inc. (NASDAQ:FSNN) news were published by: Seekingalpha.com which released: “Fusion Telecommunications’ (FSNN) CEO Matt Rosen on Q4 2017 Results – Earnings Call Transcript – Seeking Alpha” on March 22, 2018, also Globenewswire.com with their article: “Fusion Wins $1.1 Million, Multi-Year Contract to Provide Cloud Communications Solution for a Major Restaurant Brand – GlobeNewswire” published on September 07, 2018, Globenewswire.com published: “Fusion Wins $720000, Three Year Cloud Solutions Agreement for Multinational Asian Fast Food Chain – GlobeNewswire” on November 19, 2018. More interesting news about Fusion Connect, Inc. (NASDAQ:FSNN) were released by: Globenewswire.com and their article: “Fusion Announces Closing of Birch Acquisition Nasdaq:FSNN – GlobeNewswire” published on May 07, 2018 as well as Seekingalpha.com‘s news article titled: “Fusion Connect, Inc. (FSNN) CEO Matt Rosen on Q2 2018 Results – Earnings Call Transcript – Seeking Alpha” with publication date: August 14, 2018.

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