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

Key Points

• Nuvera Communications (OTCMKTS: NUVR) saw short interest rise 63.9% to 513 shares as of Feb. 27 (up from 313 on Feb. 12), with an average daily volume of 1,027 shares giving a days-to-cover ratio of about 0.5 days and approximately 0.0% of shares reported sold short.
• NUVR stock traded down 1.8% to $13.75 on light volume (400 shares vs. a 1,425 average), trading in a 12-month range of $9.60–$15.00; the company has a market cap of about $71.8M, a negative P/E (-16.37), a quick ratio of 0.49 and a debt-to-equity ratio of 1.49.

Nuvera Communications, Inc. (OTCMKTS:NUVR - ) was the recipient of a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 513 shares, a growth of 63.9% from the February 12th total of 313 shares. Approximately 0.0% of the company's shares are sold short. Based on an average daily volume of 1,027 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily volume of 1,027 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.0% of the company's shares are sold short.

Nuvera Communications Trading Down 1.8%

NUVR stock traded down $0.25 during mid-day trading on Friday, hitting $13.75. 400 shares of the company were exchanged, compared to its average volume of 1,425. Nuvera Communications has a 12-month low of $9.60 and a 12-month high of $15.00. The firm has a market capitalization of $71.78 million, a P/E ratio of -16.37 and a beta of 0.01. The business has a fifty day simple moving average of $13.58 and a 200-day simple moving average of $13.09. The company has a quick ratio of 0.49, a current ratio of 1.77 and a debt-to-equity ratio of 1.49.

About Nuvera Communications

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. It also provides video services, including commercial TV programming, cable television services, and video-on-demand services; data services for business and residential customers; email and managed services comprising web hosting and design, online file back up, and online file storage; directory assistance, operator service, and long-distance private lines; directory publishing, bill processing, and other customer services; and fiber-delivered communications and managed information technology solutions, as well as sells and services customer premise equipment.

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