Fusion Telecommunications Inter (NASDAQ:FSNN) Fall’s in Trading Today – Down $0.20

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The company is trading down by 6.63% at $2.75 giving up $0.20 . So far 214,483 shares have been traded.

The stock last traded at $2.75 quite a bit higher than the 50 day moving average of $1.99 and quite a bit above the 200 day moving average of $1.63. The 50 day moving average moved up $0.76 and the 200 day average was up $1.12.

Investors are feeling more bearish lately if you look at the increase in short interest. The firm realized a rise in short interest of 808.06% as of August 31, 2017 from the last reporting period. Short shares grew from 60,072 to 545,490 over that period. Days to cover decreased from 1.0 to 0.0 and the short interest percentage is 0.02% as of August 31.

These funds have shifted positions in (FSNN). As of quarter end Ubs Group Ag had disposed of 3,885 shares trimming its stake by 81.8%. The value of the company’s investment in Fusion Telecommunications Inter went from $8,000 to $1,000 a change of $7,000 quarter to quarter. Blackrock Inc. trimmed its position by shedding 760 shares a decrease of 28.0% in the quarter. Blackrock Inc. currently owns 1,950 shares with a value of $3,000. The total value of its holdings decreased 25.0%.

Manufacturers Life Insurance Company, The added to its ownership by buying 196 shares an increase of 10.1% from 03/31/2017 to 06/30/2017. Manufacturers Life Insurance Company, The controls 2,136 shares valued at $3,000. The value of the position overall is down by 0.0%. As of the end of the quarter Vanguard Group Inc had sold a total of 34,142 shares trimming its holdings by 91.7%. The value of the total investment in Fusion Telecommunications Inter decreased from $59,000 to $4,000 decreasing 93.2% for the reporting period.

In the latest earnings report the EPS was $-0.84 and is expected to be $-0.59 for the current year with 22,505,000 shares presently outstanding. Next quarter’s EPS is expected be $-0.11 with next year’s EPS projected to be $-0.44.

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..