What’s in Usa Technologies Inc (NASDAQ:USAT) After Decline in Shorted Shares?

June 13, 2018 - By Kurt Siggers

USA Technologies, Inc. (NASDAQ:USAT) Logo

Investors sentiment increased to 1.44 in Q1 2018. Its up 0.28, from 1.16 in 2017Q4. It increased, as 13 investors sold USA Technologies, Inc. shares while 23 reduced holdings. 16 funds opened positions while 36 raised stakes. 32.20 million shares or 17.02% more from 27.52 million shares in 2017Q4 were reported.
Sei Invests stated it has 5,413 shares. Wells Fargo & Communication Mn reported 0% in USA Technologies, Inc. (NASDAQ:USAT). Monarch Prns Asset Mngmt Limited stated it has 0.07% of its portfolio in USA Technologies, Inc. (NASDAQ:USAT). Pnc Finance Service Inc holds 0% or 39,999 shares in its portfolio. Blackrock invested in 3.12 million shares. Diker Lc invested in 35,000 shares or 0.11% of the stock. Avalon Advisors Ltd Liability Corporation invested in 0.07% or 251,473 shares. Schwab Charles Invest Mngmt Inc owns 102,663 shares or 0% of their US portfolio. Mark Sheptoff Fincl Planning Llc reported 0% stake. Bank & Trust Of Mellon reported 290,074 shares. Point72 Asset Mgmt Limited Partnership has 0.01% invested in USA Technologies, Inc. (NASDAQ:USAT). Tci Wealth Advsr has 531 shares for 0% of their portfolio. Tower Research Capital Ltd Company (Trc) has invested 0% of its portfolio in USA Technologies, Inc. (NASDAQ:USAT). Manufacturers Life The accumulated 36,763 shares. Wasatch Advsrs owns 1.18 million shares.

The stock of Usa Technologies Inc (NASDAQ:USAT) registered a decrease of 2.18% in short interest. USAT’s total short interest was 4.09 million shares in June as published by FINRA. Its down 2.18% from 4.18M shares, reported previously. With 361,200 shares average volume, it will take short sellers 11 days to cover their USAT’s short positions. The short interest to Usa Technologies Inc’s float is 8.96%.

The stock increased 1.25% or $0.175 during the last trading session, reaching $14.125. About 793,340 shares traded or 10.12% up from the average. USA Technologies, Inc. (NASDAQ:USAT) has risen 181.25% since June 13, 2017 and is uptrending. It has outperformed by 168.68% 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 $847.51 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 Technologies (NASDAQ:USAT), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. USA Technologies has $12.25 highest and $11 lowest target. $11.63’s average target is -17.66% below currents $14.125 stock price. USA Technologies had 4 analyst reports since December 18, 2017 according to SRatingsIntel. On Monday, December 18 the stock rating was maintained by Northland Capital with “Buy”. Barrington maintained the shares of USAT in report on Tuesday, April 3 with “Buy” rating.

More news for USA Technologies, Inc. (NASDAQ:USAT) were recently published by: Nasdaq.com, which released: “KBW Announces Index Rebalancing for Second-Quarter 2018” on June 09, 2018. Vendingmarketwatch.com‘s article titled: “Global Developments Are Leading To A Greater Reliance On Mobile Transactions” and published on June 13, 2018 is yet another important article.

USA Technologies, Inc. (NASDAQ:USAT) Institutional Positions Chart

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