Nuvera Communications, Inc. (OTCMKTS:NUVR) Sees Large Increase in Short Interest

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

Nuvera Communications Price Performance

Shares of OTCMKTS NUVR traded up $0.09 during midday trading on Friday, hitting $17.94. The company had a trading volume of 725 shares, compared to its average volume of 3,653. The company has a quick ratio of 0.58, a current ratio of 2.28 and a debt-to-equity ratio of 1.48. Nuvera Communications has a twelve month low of $10.26 and a twelve month high of $17.94. The business has a 50-day simple moving average of $16.08 and a two-hundred day simple moving average of $14.41. The firm has a market capitalization of $94.01 million, a price-to-earnings ratio of 119.60 and a beta of 0.15.

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

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.