USA Truck, Inc. (NASDAQ:USAK) Short Interest Down 59.8% in July
USA Truck, Inc. (NASDAQ:USAK - Get Rating) was the target of a large drop in short interest in July. As of July 31st, there was short interest totalling 24,100 shares, a drop of 59.8% from the July 15th total of 59,900 shares. Approximately 0.3% of the company's stock are sold short.
Based on an average daily volume of 236,600 shares, the days-to-cover ratio is currently 0.1 days.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of USAK. Chicago Capital Management LLC purchased a new position in USA Truck during the 2nd quarter worth £6,980,000. LSV Asset Management grew its position in USA Truck by 1,355.1% during the 1st quarter.
LSV Asset Management now owns 182,300 shares of the transportation company's stock worth £3,755,000 after purchasing an additional 169,772 shares during the last quarter. Naviter Wealth LLC grew its position in USA Truck by 164.2% during the 2nd quarter. Naviter Wealth LLC now owns 177,943 shares of the transportation company's stock worth £5,591,000 after purchasing an additional 110,588 shares during the last quarter.
Acadian Asset Management LLC grew its position in USA Truck by 35.8% during the 1st quarter. Acadian Asset Management LLC now owns 291,165 shares of the transportation company's stock worth £5,994,000 after purchasing an additional 76,680 shares during the last quarter. Finally, Grace & White Inc.
NY boosted its holdings in shares of USA Truck by 13.2% in the second quarter. Grace & White Inc. NY now owns 595,044 shares of the transportation company's stock valued at £18,696,000 after acquiring an additional 69,350 shares in the last quarter.
58.92% of the stock is owned by hedge funds and other institutional investors.
USA Truck Price Performance
Shares of NASDAQ:USAK opened at £31.16 on Thursday. USA Truck has a 12 month low of £26.02 and a 12 month high of £58.18. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.35 and a quick ratio of 1.33.
The firm has a market capitalization of £280.69 million, a P/E ratio of 8.18 and a beta of 1.08. The company's fifty day moving average price is £26.10 and its 200 day moving average price is £21.85.
Analysts Set New Price TargetsA number of equities research analysts have recently weighed in on USAK shares. Cowen raised their price objective on shares of USA Truck from £18.00 to £24.00 in a report on Monday, May 2nd.
Cowen lifted their price target on shares of USA Truck from £18.00 to £24.00 and gave the stock a "buy" rating 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 note on Monday, August 1st.
USA Truck Company Profile
(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.
Receive News & Ratings for USA Truck Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for USA Truck and related companies with MarketBeat.com's FREE daily email newsletter.