After Reaching Milestone, Is Fusion Connect Inc (NASDAQ:FSNN)’s Short Interest Revealing Something?

May 27, 2018 - By Marguerite Chambers

Fusion Connect, Inc. (NASDAQ:FSNN) Logo

The stock of Fusion Connect Inc (NASDAQ:FSNN) registered an increase of 1.74% in short interest. FSNN’s total short interest was 925,600 shares in May as published by FINRA. Its up 1.74% from 909,800 shares, reported previously. With 248,200 shares average volume, it will take short sellers 4 days to cover their FSNN’s short positions. The short interest to Fusion Connect Inc’s float is 5.1%.

The stock decreased 3.63% or $0.18 during the last trading session, reaching $4.78. About 341,754 shares traded or 53.65% up from the average. Fusion Connect, Inc. (NASDAQ:FSNN) has risen 80.12% since May 27, 2017 and is uptrending. It has outperformed by 68.57% 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 $170.07 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: Globenewswire.com which released: “Fusion to Participate at Upcoming Investor Conferences” on May 17, 2018, also Streetinsider.com with their article: “Fusion Telecommunications (FSNN) Reports Agreement to Acquire MegaPath for $71.5M” published on May 10, 2018, Globenewswire.com published: “Fusion Announces Definitive Agreement to Acquire MegaPath” on May 10, 2018. More interesting news about Fusion Connect, Inc. (NASDAQ:FSNN) were released by: Seekingalpha.com and their article: “Fusion Telecommunications International’s (FSNN) CEO Matt Rosen on Q1 2018 Results – Earnings Call Transcript” published on May 15, 2018 as well as Streetinsider.com‘s news article titled: “Fusion Telecommunications (FSNN) Completes 1.5M Share Private Placement of Common Stock” with publication date: May 08, 2018.

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