Short Interest in Nuvera Communications, Inc. (OTCMKTS:NUVR) Drops By 93.2%

Nuvera Communications, Inc. (OTCMKTS:NUVR) was the recipient of a significant drop in short interest in June. As of June 15th, there was short interest totaling 70 shares, a drop of 93.2% from the May 31st total of 1,024 shares. Based on an average daily volume of 11,083 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

Nuvera Communications Stock Up 0.9%

NUVR stock traded up $0.16 during trading on Friday, hitting $17.91. 1,700 shares of the company’s stock traded hands, compared to its average volume of 3,547. The firm has a market capitalization of $93.85 million, a P/E ratio of 119.40 and a beta of 0.15. Nuvera Communications has a 1 year low of $10.50 and a 1 year high of $18.18. The company has a quick ratio of 0.58, a current ratio of 2.28 and a debt-to-equity ratio of 1.48. The business has a fifty day simple moving average of $16.74 and a two-hundred day simple moving average of $14.79.

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