A Reversal for Fusion Connect Inc (NASDAQ:FSNN) Is Not Near. The Stock Has Rise in Shorts

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 4.41 million shares in December as published by FINRA. Its up 4.78% from 4.21M 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: Benzinga.com which released: “Earnings Scheduled For August 14, 2018 – Benzinga” on August 14, 2018, also Nasdaq.com with their article: “Q1 Earnings Season to Show Growth Acceleration – Nasdaq” published on March 16, 2018, Streetinsider.com published: “Fusion Telecommunications (FSNN) Prices Upsized 11.25M Public Offering of Common Stock at $3.20/Share – StreetInsider.com” on February 01, 2018. More interesting news about Fusion Connect, Inc. (NASDAQ:FSNN) were released by: Benzinga.com and their article: “31 Stocks Moving In Thursday’s Pre-Market Session – Benzinga” published on February 01, 2018 as well as Nasdaq.com‘s news article titled: “Technology Sector Update for 11/14/2018: MRIN,FSNN,SNAP – Nasdaq” with publication date: November 14, 2018.

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