Short Interest in USA Truck, Inc. (NASDAQ:USAK) Declines By 22.3%
USA Truck, Inc. (NASDAQ:USAK - Get Rating) was the recipient of a significant decrease in short interest in July. As of July 15th, there was short interest totalling 59,900 shares, a decrease of 22.3% from the June 30th total of 77,100 shares. Approximately 0.8% of the company's stock are sold short.
Based on an average daily trading volume, of 254,600 shares, the short-interest ratio is currently 0.2 days.
USA Truck Stock Performance
NASDAQ USAK opened at £31.16 on Tuesday. The company has a quick ratio of 1.33, a current ratio of 1.35 and a debt-to-equity ratio of 1.02. USA Truck has a twelve month low of £26.02 and a twelve month high of £58.18.
The business has a 50-day moving average price of £23.95 and a 200-day moving average price of £21.30. The firm has a market cap of £280.69 million, a price-to-earnings ratio of 8.18 and a beta of 1.08.
Institutional Investors Weigh In On USA Truck
Institutional investors and hedge funds have recently modified their holdings of the stock. Patriot Financial Group Insurance Agency LLC purchased a new position in USA Truck during the first quarter valued at £34,000.
Denali Advisors LLC lifted its stake in USA Truck by 33.3% in the 2nd quarter. Denali Advisors LLC now owns 4,800 shares of the transportation company's stock worth £151,000 after purchasing an additional 1,200 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of USA Truck by 6.2% during the 2nd quarter.
Victory Capital Management Inc. now owns 6,573 shares of the transportation company's stock valued at £207,000 after purchasing an additional 385 shares during the last quarter. Ritholtz Wealth Management purchased a new position in shares of USA Truck during the first quarter valued at about £228,000. Finally, First Republic Investment Management Inc. bought a new stake in shares of USA Truck in the first quarter worth about £237,000.
Institutional investors own 58.92% of the company's stock.
Analyst Ratings ChangesSeveral equities research analysts recently commented on the company. Cowen lifted their price objective on USA Truck from £18.00 to £24.00 and gave the stock a "buy" rating in a report on Monday, May 2nd. Cowen lifted their price target on shares of USA Truck from £18.00 to £24.00 in a research note on Monday, May 2nd.
Finally, StockNews.com upgraded shares of USA Truck from a "buy" rating to a "strong-buy" rating in a research report on Monday.
About USA Truck
(Get Rating) USA Truck, Inc operates as a truckload carrier in the United States, Mexico, and Canada. The company operates in two segments, Trucking and USAT Logistics.
The Trucking segment offers motor carrier services as a medium-haul common and contract carrier; and freight services.
The USAT Logistics segment provides freight brokerage, logistics, and intermodal rail services.
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