Short Interest in Nuvera Communications, Inc. (OTCMKTS:NUVR) Rises By 100.0%

Key Points

• Short interest for Nuvera Communications, Inc. increased by 100.0% in September, rising to 200 shares from 100 shares at the end of August.
• The company's recent earnings report showed a negative earnings per share of ($0.08) and a revenue of $17.81 million for the quarter.
• Nuvera's stock has a market cap of $63.95 million and a 12-month trading range, with a low of $7.90 and a high of $12.95.

Nuvera Communications, Inc. (OTCMKTS:NUVR - Get Free Report) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 200 shares, an increase of 100.0% from the August 31st total of 100 shares. Based on an average daily trading volume, of 600 shares, the short-interest ratio is currently 0.3 days. Based on an average daily trading volume, of 600 shares, the short-interest ratio is currently 0.3 days.

Nuvera Communications Stock Performance

OTCMKTS NUVR opened at $12.25 on Friday. The company has a 50-day simple moving average of $12.30 and a two-hundred day simple moving average of $11.28. The company has a quick ratio of 0.60, a current ratio of 2.39 and a debt-to-equity ratio of 1.49. Nuvera Communications has a 12-month low of $7.90 and a 12-month high of $12.95. The firm has a market cap of $63.95 million, a price-to-earnings ratio of -15.91 and a beta of 0.11.

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.