QumulusAI Inc. (NASDAQ:QMLS) Stock Short Interest Jumps 74.2%

Key Points

• QumulusAI’s short interest surged 74.2% to 992,995 shares as of September 30, representing 3.0% of shares outstanding and 1.5 days to cover based on average trading volume.
• Analyst views are mixed, with ratings split among Buy, Hold, and Sell; the consensus is Hold with a $23.00 target price.
• QMLS shares traded at $4.01, near their 52-week low of $3.70 and well below the $38.00 high. The company reported a quarterly loss of $0.72 per share on $6.71 million in revenue.

QumulusAI Inc. (NASDAQ:QMLS - Get Free Report) was the recipient of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 992,995 shares, a growth of 74.2% from the September 15th total of 570,032 shares. Based on an average trading volume of 652,246 shares, the short-interest ratio is currently 1.5 days. Currently, 3.0% of the company's stock are sold short.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on QMLS shares. Chardan Capital restated a "buy" rating and issued a $23.00 target price on shares of QumulusAI in a research note on Wednesday, September 30th. Zacks Research raised QumulusAI to a "hold" rating in a research note on Friday, August 28th. Weiss Ratings started coverage on QumulusAI in a research note on Monday. They issued a "sell (e-)" rating on the stock. Finally, Wall Street Zen upgraded QumulusAI to a "hold" rating in a report on Saturday, July 25th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, QumulusAI has a consensus rating of "Hold" and a consensus target price of $23.00.

QumulusAI Price Performance

Shares of QumulusAI stock traded up $0.27 during trading on Thursday, hitting $4.01. The company's stock had a trading volume of 295,664 shares, compared to its average volume of 485,760. The business's fifty day moving average price is $6.18. The firm has a market capitalization of $134.24 million and a P/E ratio of -1.76. QumulusAI has a 52 week low of $3.70 and a 52 week high of $38.00.

QumulusAI (NASDAQ:QMLS - Get Free Report) last issued its quarterly earnings results on Tuesday, August 25th. The company reported ($0.72) earnings per share (EPS) for the quarter. The company had revenue of $6.71 million for the quarter. As a group, equities research analysts anticipate that QumulusAI will post -2.93 EPS for the current fiscal year.

About QumulusAI

QumulusAI is a cloud infrastructure company specializing in rapid deployment of graphics processing unit (“GPU”)-powered solutions for artificial intelligence (“AI”) applications, serving a critical market that is often overlooked by large-scale cloud providers (“hyperscalers”), which operate massive, standardized computing infrastructures primarily serving the largest enterprises. Our platform delivers flexible, competitively priced, and customizable solutions for underserved small and mid-market customers—including machine learning teams, AI infrastructure startups, and research institutions—while also supporting the scale and complexity requirements of large enterprises, such as long-term deployments or supplemental on-demand compute capacity.

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