Worth Watching: Will USA Technologies, Inc. Short Squeeze Soon?

Worth Watching: Will USA Technologies, Inc. Short Squeeze Soon?

The stock of USA Technologies, Inc. (NASDAQ:USAT) is a huge mover today! The stock decreased 2.52% or $0.14 during the last trading session, hitting $5.61. About 619,934 shares traded hands or 91.03% up from the average. USA Technologies, Inc. (NASDAQ:USAT) has risen 41.31% since February 29, 2016 and is uptrending. It has outperformed by 30.89% the S&P500.
The move comes after 7 months negative chart setup for the $217.62 million company. It was reported on Oct, 1 by Barchart.com. We have $4.88 PT which if reached, will make NASDAQ:USAT worth $28.29M less.

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 stock has “Outperform” rating given by Barrington Research on Monday, September 14.

According to Zacks Investment Research, “USA Technologies is a leader in the networking of distributed assets, wireless non-cash transactions, associated financial/network services and energy management. USA Technologies provides networked credit card and other non-cash systems in the vending, commercial laundry, hospitality and digital imaging industries. USA Technologies is an IBM Business Partner. The Company has marketing agreements with Cingular Wireless, Honeywell, MEI, Unilever and ZiLOG Corporation.”

Insitutional Activity: The institutional sentiment decreased to 1.05 in Q2 2016. Its down 0.31, from 1.36 in 2016Q1. The ratio turned negative, 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.
Hancock Holdg last reported 25,073 shares in the company. Perritt Capital has 225,000 shares for 0.25% of their US portfolio. Moreover, Perkins Capital Management Incorporated has 1.17% invested in USA Technologies, Inc. (NASDAQ:USAT) for 238,400 shares. Driehaus Mngmt Limited Liability Com last reported 205,196 shares in the company. Price T Rowe Assoc Md has 24,000 shares for 0% of their US portfolio. The Massachusetts-based Geode Cap Management Limited Liability Corp has invested 0% in USA Technologies, Inc. (NASDAQ:USAT). Vanguard Group holds 1.30M shares or 0% of its portfolio. Cadence Capital Lc owns 70,000 shares or 0.02% of their US portfolio. Blackrock Advisors Limited holds 0% or 13,712 shares in its portfolio. Eam Invsts Ltd Company owns 715,438 shares or 0.46% of their US portfolio. Strs Ohio owns 11,900 shares or 0% of their US portfolio. Tiaa Cref Invest Ltd Liability Company accumulated 120,617 shares or 0% of the stock. Centaur Prtnrs Lp reported 215,000 shares or 1.33% of all its holdings. Art Advisors Limited Liability Company holds 0% or 16,534 shares in its portfolio. Schwab Charles Investment Mgmt holds 0% or 56,300 shares in its portfolio.

Insider Transactions: Since September 14, 2016, the stock had 1 insider purchase, and 0 selling transactions for $4,910 net activity. The insider Reilly William J. Jr. bought $4,910.

More news for USA Technologies, Inc. (NASDAQ:USAT) were recently published by: Businesswire.com, which released: “Coastal Canteen Vending and Food Services Inc. Expands Relationship with USA …” on August 10, 2016. Finance.Yahoo.com‘s article titled: “USA Technologies Schedules Fourth Quarter and Fiscal Year 2016 Earnings …” and published on September 06, 2016 is yet another important article.

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.

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