Nuvera Communications, Inc. (OTCMKTS:NUVR) Sees Large Decline in Short Interest

Key Points

• Nuvera Communications saw a significant drop in short interest, with totals falling from 300 shares to just 100 shares as of August 31st, representing a 66.7% decline.
• The company's stock declined by 0.4%, opening at $12.65, and has a market capitalization of $65.97 million with a PE ratio of -16.43.
• In its recent quarterly earnings, Nuvera reported a loss of ($0.08) earnings per share on revenues of $17.81 million, indicating a negative net margin of 5.83%.

Nuvera Communications, Inc. (OTCMKTS:NUVR - Get Free Report) was the target of a significant decrease in short interest in August. As of August 31st, there was short interest totaling 100 shares, a decrease of 66.7% from the August 15th total of 300 shares. Currently, 0.0% of the company's stock are short sold. Based on an average daily volume of 2,900 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 2,900 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company's stock are short sold.

Nuvera Communications Stock Down 0.4%

Shares of NUVR opened at $12.65 on Friday. The stock has a market capitalization of $65.97 million, a PE ratio of -16.43 and a beta of 0.11. Nuvera Communications has a 1 year low of $7.25 and a 1 year high of $12.95. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.60 and a current ratio of 2.39. The company's 50-day simple moving average is $11.88 and its 200-day simple moving average is $11.12.

Nuvera Communications (OTCMKTS:NUVR - Get Free Report) last issued its quarterly earnings results on Thursday, August 14th. The company reported ($0.08) earnings per share (EPS) for the quarter. The business had revenue of $17.81 million for the quarter. Nuvera Communications had a positive return on equity of 0.89% and a negative net margin of 5.83%.

Nuvera Communications Company Profile

Nuvera Communications, Inc operates as a diversified communications company in the United States. The company offers broadband Internet access and voice over Internet protocol (VoIP) phone services; voice services to make and receive telephone calls within a defined local calling area; and network access services to other communication carriers for the use of its facilities to terminate or originate long distance calls on its fiber network.

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