Usa Technologies Inc (NASDAQ:USAT) Shorts Decreased by 8.96% After Short Covering

March 14, 2018 - By Kenneth Lin

 Usa Technologies Inc (NASDAQ:USAT) Shorts Decreased by 8.96% After Short Covering

Investors sentiment increased to 3.94 in Q3 2017. Its up 2.55, from 1.39 in 2017Q2. It improved, as 8 investors sold USA Technologies, Inc. shares while 9 reduced holdings. 30 funds opened positions while 37 raised stakes. 48.65 million shares or 202.28% more from 16.10 million shares in 2017Q2 were reported.
Huntington Bankshares invested 0% of its portfolio in USA Technologies, Inc. (NASDAQ:USAT). Prelude Management Limited Liability owns 0% invested in USA Technologies, Inc. (NASDAQ:USAT) for 6,079 shares. Cortina Asset Mgmt Limited Com reported 0.32% in USA Technologies, Inc. (NASDAQ:USAT). Illinois-based Citadel Advsr Ltd Liability Co has invested 0% in USA Technologies, Inc. (NASDAQ:USAT). Walleye Trading Ltd Llc reported 0% of its portfolio in USA Technologies, Inc. (NASDAQ:USAT). Thomson Horstmann & Bryant invested in 0.64% or 750,243 shares. Bancorp Of New York Mellon Corp holds 145,379 shares. Archon Cap Limited Liability Company has invested 0.1% of its portfolio in USA Technologies, Inc. (NASDAQ:USAT). Rhumbline Advisers accumulated 40,532 shares. Moreover, Amer Intll Grp Inc has 0% invested in USA Technologies, Inc. (NASDAQ:USAT) for 26,117 shares. Alyeska Invest L P stated it has 300,000 shares or 0.02% of all its holdings. Chevy Chase Trust Holdings accumulated 0% or 10,750 shares. Jefferies Group Lc holds 0% or 2,800 shares in its portfolio. Rk Management Ltd stated it has 1.28 million shares. 688,974 were reported by Morgan Stanley.

Since December 14, 2017, it had 0 insider purchases, and 1 insider sale for $190,467 activity.

The stock of Usa Technologies Inc (NASDAQ:USAT) registered a decrease of 8.96% in short interest. USAT’s total short interest was 2.71 million shares in March as published by FINRA. Its down 8.96% from 2.97M shares, reported previously. With 356,100 shares average volume, it will take short sellers 8 days to cover their USAT’s short positions. The short interest to Usa Technologies Inc’s float is 5.93%.

The stock increased 1.58% or $0.15 during the last trading session, reaching $9.65. About 318,399 shares traded. USA Technologies, Inc. (NASDAQ:USAT) has risen 19.42% since March 14, 2017 and is uptrending. It has outperformed by 2.72% the S&P500.

USA Technologies, Inc. provides wireless networking, cashless transactions, asset monitoring, and other value-added services in the United States and internationally. The company has market cap of $517.46 million. It creates and markets systems and solutions that facilitate electronic payment options, as well as telemetry and machine-to-machine services. It currently has negative earnings. The company's ePort Connect solution offers various POS options, card processing, wireless connectivity, customer/consumer, online sales reporting, M2M telemetry and DEX data transfer, over-the-air update capabilities, deployment planning, and value-added services, as well as planning, project management, installation support, marketing, and performance evaluation services.

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

Among 3 analysts covering USA Tech (NASDAQ:USAT), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. USA Tech had 6 analyst reports since September 14, 2015 according to SRatingsIntel. The rating was maintained by Northland Capital on Tuesday, September 5 with “Buy”. Northland Capital maintained USA Technologies, Inc. (NASDAQ:USAT) rating on Monday, December 18. Northland Capital has “Buy” rating and $12.25 target. The firm has “Buy” rating by Northland Capital given on Friday, October 6. The firm has “Outperform” rating given on Monday, November 16 by Northland Capital. The stock has “Outperform” rating by Barrington Research on Monday, September 14.

Another recent and important USA Technologies, Inc. (NASDAQ:USAT) news was published by which published an article titled: “This Morning’s Technical Outlook on Technical & System Software Stocks …” on March 13, 2018.

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