What Next for Fusion Connect Inc (NASDAQ:FSNN) Stock After Increase in Shorted Shares?

July 27, 2018 - By Victoria Pittman

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 July 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 increased 2.29% or $0.09 during the last trading session, reaching $4.02. About 71,679 shares traded. Fusion Connect, Inc. (NASDAQ:FSNN) has risen 109.65% since July 27, 2017 and is uptrending. It has outperformed by 97.08% 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 $307.85 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 important recent Fusion Connect, Inc. (NASDAQ:FSNN) news were published by: Investingnews.com which released: “Fusion Secures Five Year Contract Worth US$5.4 Million” on July 17, 2018, also Nasdaq.com published article titled: “Fusion to Present at the Oppenheimer 21st Annual Technology, Internet & Communications Conference”, Streetinsider.com published: “Fusion Telecommunications (FSNN) Reports 5-Yr $5.4M Contract from Leading Automotive Industry Distributor for …” on July 17, 2018. More interesting news about Fusion Connect, Inc. (NASDAQ:FSNN) was released by: Globenewswire.com and their article: “Fusion Secures $5.4 Million, Five Year Contract to Provide Single Source Cloud Solutions for a Leading Automotive …” with publication date: July 17, 2018.

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