Short Interest Alert: Could Usa Tech Incorporated (NASDAQ:USAT) See a Reversal After More Sellers Came In?

November 18, 2016 - By Nellie Frank   ·   0 Comments

Short Interest Alert: Could Usa Tech Incorporated (NASDAQ:USAT) See a Reversal After More Sellers Came In?

The stock of Usa Tech Incorporated (NASDAQ:USAT) registered an increase of 2.66% in short interest. USAT’s total short interest was 3.93M shares in November as published by FINRA. Its up 2.66% from 3.83M shares, reported previously. With 296,400 shares average volume, it will take short sellers 13 days to cover their USAT’s short positions. The short interest to Usa Tech Incorporated’s float is 10.7%. About 111,219 shares traded hands. USA Technologies, Inc. (NASDAQ:USAT) has declined 9.61% since April 18, 2016 and is downtrending. It has underperformed by 14.04% the S&P500.

USA Technologies, Inc. provides technology-enabled solutions and value-added services that facilitate electronic payment transactions within the unattended point of sale market. The company has a market cap of $177.71 million. The Firm is a well-known provider in the small ticket, beverage and food vending industry and is also engaged in offering solutions and services to other unattended market divisions, such as amusement, commercial laundry, kiosk and others. It currently has negative earnings. It has designed and marketed systems and solutions that facilitate electronic payment options, as well as telemetry and machine-to-machine (M2M) services, which include the ability to remotely monitor, control and report on the results of distributed assets containing its electronic payment solutions.

Insitutional Activity: The institutional sentiment increased to 1.37 in 2016 Q2. Its up 0.32, from 1.05 in 2016Q1. The ratio improved, as 21 funds sold all USA Technologies, Inc. shares owned while 22 reduced positions. 24 funds bought stakes while 21 increased positions. They now own 13.74 million shares or 18.36% more from 11.61 million shares in 2016Q1.
Royal Bancorporation Of Canada last reported 41,701 shares in the company. Northern Trust holds 0% of its portfolio in USA Technologies, Inc. (NASDAQ:USAT) for 111,483 shares. Deutsche Bancorp Ag reported 5,605 shares or 0% of all its holdings. The Illinois-based Perritt Capital Mngmt has invested 0.25% in USA Technologies, Inc. (NASDAQ:USAT). Centaur Capital Prtn L P has invested 1.33% of its portfolio in USA Technologies, Inc. (NASDAQ:USAT). G2 Invest Ptnrs Mgmt Lc holds 0.26% or 130,257 shares in its portfolio. Us National Bank & Trust De holds 0% or 19,375 shares in its portfolio. Tfs Cap Ltd Llc has invested 0.01% of its portfolio in USA Technologies, Inc. (NASDAQ:USAT). Group holds 0% or 20,636 shares in its portfolio. Essex Inv Limited Liability Company last reported 0.11% of its portfolio in the stock. Nationwide Fund Advisors holds 0% of its portfolio in USA Technologies, Inc. (NASDAQ:USAT) for 23,026 shares. Evercore Wealth Management Limited Liability Com has 0% invested in the company for 2,000 shares. Numeric Ltd Liability Co holds 57,900 shares or 0% of its portfolio. Eaton Vance Management has 0% invested in the company for 27,833 shares. Geode Mgmt Lc owns 246,128 shares or 0% of their US portfolio.

Insider Transactions: Since September 14, 2016, the stock had 1 buy, and 0 selling transactions for $4,910 net activity. 1,000 USA Technologies, Inc. (NASDAQ:USAT) shares with value of $4,910 were bought by Reilly William J. Jr..

USA Technologies, Inc. (NASDAQ:USAT) Ratings Coverage

Out of 2 analysts covering USA Tech (NASDAQ:USAT), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. USA Tech has been the topic of 2 analyst reports since September 14, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating given on Monday, November 16 by Northland Capital. The firm has “Outperform” rating given on Monday, September 14 by Barrington Research.

USAT Company Profile

USA Technologies, Inc., incorporated on January 16, 1992, provides technology-enabled solutions and value-added services that facilitate electronic payment transactions within the unattended point of sale (POS) market. The Firm is a well-known provider in the small ticket, beverage and food vending industry and is also engaged in offering solutions and services to other unattended market divisions, such as amusement, commercial laundry, kiosk and others. It has designed and marketed systems and solutions that facilitate electronic payment options, as well as telemetry and machine-to-machine (M2M) services, which include the ability to remotely monitor, control and report on the results of distributed assets containing its electronic payment solutions. The Firm derives its revenues from license and transaction fees resulting from connections to, as well as services provided by, its ePort Connect service.

More recent USA Technologies, Inc. (NASDAQ:USAT) news were published by: Businesswire.com which released: “USA Technologies Acquires VendScreen Assets” on January 25, 2016. Also Businesswire.com published the news titled: “USA Technologies Expands Board of Directors and Strengthens Management Team …” on March 21, 2016. Businesswire.com‘s news article titled: “USA Technologies Unveils its First Universal Card Link Connector for the …” with publication date: November 16, 2016 was also an interesting one.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By Nellie Frank


Readers Comments (0)





Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>