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

Nuvera Communications, Inc. (OTCMKTS:NUVR) was the target of a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 70 shares, a decline of 93.2% from the May 31st total of 1,024 shares. Based on an average trading volume of 11,083 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Nuvera Communications Price Performance

NUVR remained flat at $17.75 during trading hours on Thursday. The company had a trading volume of 3,169 shares, compared to its average volume of 5,429. The stock has a 50 day simple moving average of $16.74 and a 200-day simple moving average of $14.79. Nuvera Communications has a 52-week low of $10.39 and a 52-week high of $18.18. The firm has a market capitalization of $93.01 million, a PE ratio of 118.33 and a beta of 0.15. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.58 and a current ratio of 2.28.

Nuvera Communications (OTCMKTS:NUVR) last released its earnings results on Friday, May 15th. The company reported $0.29 earnings per share for the quarter. The firm had revenue of $18.43 million during the quarter. Nuvera Communications had a net margin of 1.21% and a return on equity of 0.92%.

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.