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 4.41M 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: Globenewswire.com which released: “Fusion Announces Closing of Birch Acquisition Nasdaq:FSNN – GlobeNewswire” on May 07, 2018, also Thestreet.com with their article: “Here’s How Cloud Computing Firm Fusion Is Using M&A to Get Ahead – TheStreet.com” published on December 06, 2017, Globenewswire.com published: “Fusion Announces Proposed $570 Million Senior Term Loan Facilities – GlobeNewswire” on February 13, 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 Globenewswire.com‘s news article titled: “Fusion Wins $720000, Three Year Cloud Solutions Agreement for Multinational Asian Fast Food Chain – GlobeNewswire” with publication date: November 19, 2018.

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