Nuvera Communications, Inc. (OTCMKTS:NUVR) Short Interest Up 241.3% in May

Nuvera Communications, Inc. (OTCMKTS:NUVR) was the recipient of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 1,024 shares, an increase of 241.3% from the May 14th total of 300 shares. Based on an average trading volume of 19,474 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Nuvera Communications Price Performance

Shares of OTCMKTS:NUVR traded down $0.03 during midday trading on Thursday, reaching $17.56. 1,741 shares of the company were exchanged, compared to its average volume of 3,679. The company has a current ratio of 2.28, a quick ratio of 0.58 and a debt-to-equity ratio of 1.48. The business’s fifty day moving average is $16.00 and its two-hundred day moving average is $14.38. Nuvera Communications has a one year low of $10.26 and a one year high of $17.94. The stock has a market cap of $92.01 million, a PE ratio of 117.07 and a beta of 0.15.

Nuvera Communications (OTCMKTS:NUVR) last issued its earnings results on Friday, May 15th. The company reported $0.29 earnings per share for the quarter. Nuvera Communications had a net margin of 1.21% and a return on equity of 0.92%. The firm had revenue of $18.43 million during 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. 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.