Trading volume for Fusion Telecom Intl was 526K on Tuesday. Volume was up 92.97% over the stocks average daily volume.
Investors are feeling more bullish on shares of Fusion Telecom Intl recently as indicated by the fall in short interest. The company had a fall in short interest between September 29, 2017 and October 13, 2017 of -3.94%. Short shares decreased from 958,417 to 920,624 over that timeframe. With short interest at 920,624 and short average daily volume at 362,928, the short-interest ratio is 3.0 and the short interest percentage is 0.04% as of October 13.
These firms have modified their investment in FSNN. As of the end of the quarter Blackrock Inc. had disposed of a total of 760 shares trimming its holdings by 28.0%. The value of the investment in (FSNN) decreased from $4,000 to $3,000 a change of 25.0% quarter to quarter. As of quarter end Ubs Group Ag had sold 3,885 shares trimming its position 81.8%. The value in dollars went from $8,000 to $1,000 a change of $7,000 quarter over quarter.
Thompson Davis & Co., Inc. augmented its position by buying 6,325 shares an increase of 172.1% as of 09/30/2017. Thompson Davis & Co., Inc. controls 10,000 shares valued at $27,000. The value of the position overall is up by 440.0%. As of the end of the quarter Wells Fargo & Company/mn had bought a total of 155 shares growing its stake by 5.2%. The value of the company’s investment in Fusion Telecom Intl increased from $4,000 to $9,000 increasing 125.0% since the last quarter.
November 7 investment analysts at B. Riley maintained a stock rating of “Buy” with a current price target of $3.00. On August 30 Craig Hallum made no change to the company rating of “Buy” targeting a price of $5.00.
The company is so far trading down since yesterday’s close of 2.64. Fusion Telecom Intl currently has a P/E ratio of N/A and the market cap is 58.38M. In the last earnings report the EPS was $-0.85 with 22.37M shares outstanding.
Fusion Telecommunications International, Inc. (Fusion), launched on October 17, 1997, offers a suite of cloud communications, cloud connectivity, cloud computing and managed cloud-based applications solutions. The Company operates through two segments: Business Services and Carrier Services. The Company offers its solutions to small, medium and large businesses, and offers domestic and international voice services to carriers across the world. Its cloud services platforms, as well as switching systems, enable the integration of solutions in the cloud by connecting employees, partners, customers and vendors..