USA Truck, Inc. (NASDAQ:USAK) Sees Large Increase in Short Interest
USA Truck, Inc. (NASDAQ:USAK) was the target of a significant growth in short interest in April. As of April 15th, there was short interest totalling 165,600 shares, a growth of 22.3% from the March 31st total of 135,400 shares. Currently, 2.3% of the company’s stock are sold short. Based on an average daily trading volume, of 183,000 shares, the days-to-cover ratio is presently 0.9 days.
Several equities research analysts recently issued reports on USAK shares. Zacks Investment Research downgraded USA Truck from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 14th. TheStreet upgraded USA Truck from a “d” rating to a “c” rating in a report on Friday, February 5th.
Shares of NASDAQ:USAK opened at $16.23 on Tuesday. The company has a market capitalization of $144.46 million, a PE ratio of -22.86 and a beta of 2.26. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.04 and a quick ratio of 1.03. The business has a fifty day moving average price of $16.75 and a two-hundred day moving average price of $12.17. USA Truck has a 1 year low of $4.00 and a 1 year high of $21.89.
Hedge funds and other institutional investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio purchased a new position in shares of USA Truck during the 4th quarter valued at $30,000. JPMorgan Chase & Co. purchased a new position in shares of USA Truck during the 3rd quarter valued at $90,000. Crewe Advisors LLC purchased a new position in shares of USA Truck during the 1st quarter valued at $96,000. Campbell & CO Investment Adviser LLC purchased a new position in shares of USA Truck during the 4th quarter valued at $126,000. Finally, Morgan Stanley lifted its position in shares of USA Truck by 12.5% during the 3rd quarter. Morgan Stanley now owns 19,320 shares of the transportation company’s stock valued at $183,000 after buying an additional 2,153 shares during the last quarter. 47.21% of the stock is currently owned by hedge funds and other institutional investors.
USA Truck Company Profile
USA Truck, Inc operates as a truckload carrier in the United States, Mexico, and Canada. The company operates through two segments, Trucking and USAT Logistics. The Trucking segment offers truckload motor carrier services as a medium-haul common and contract carrier; and freight services. The USAT Logistics segment provides freight brokerage, logistics, and rail intermodal services.
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