The trading price of Fusion Acquisition Corp. (NYSE:FUSE) closed lower on Tuesday, Jan 12, closing at $11.25, 0% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $11.16 and $11.34. The company’s P/E ratio in the trailing 12-month period was 0, while its 5Y monthly beta was 0. In examining the 52-week price action we see that the stock hit a 52-week high of $12.09 and a 52-week low of $9.68. Over the past month, the stock has gained 10.84% in value.
An evaluation of the daily trading volume of Fusion Acquisition Corp. (NYSE:FUSE) indicates that the 3-month average is 564.07 Million. However, this figure has declined over the past 10 days to an average of 2.14 Million.
Currently, records show that 35Million of the company’s shares remain outstanding. According to Thomson Reuters data, insiders hold 0% of outstanding shares, whereas institutions hold 55.31%. The stats also highlight that short interest as of December 14, 2020, stood at 100.05 Million shares, resulting in a short ratio of 0.45 at that time. From this, we can conclude that short interest is 0.23% of the company’s total outstanding shares. It is noteworthy that short shares in December were up slightly from the previous month’s figure, which was 24.8 Million. However, since the stock’s price has seen -0.44% year-to-date, investors’ interest is likely to be reignited due to its potential to move higher ahead.
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