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.

USA Truck (NASDAQ:USAK) last announced its quarterly earnings data on Thursday, April 29th. The transportation company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.20. USA Truck had a negative return on equity of 6.07% and a negative net margin of 1.16%. Sell-side analysts anticipate that USA Truck will post 0.39 earnings per share for the current year.

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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