Nuvera Communications, Inc. (OTCMKTS:NUVR) Sees Large Decline in Short Interest

Nuvera Communications, Inc. (OTCMKTS:NUVR – Get Free Report) was the recipient of a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 6 shares, a decrease of 97.6% from the September 15th total of 250 shares. Based on an average trading volume of 5,627 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are sold short.

Nuvera Communications Price Performance

Shares of OTCMKTS:NUVR remained flat at $15.79 during mid-day trading on Friday. 2 shares of the company were exchanged, compared to its average volume of 2,393. Nuvera Communications has a 1 year low of $11.25 and a 1 year high of $18.18. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.54 and a current ratio of 1.90. The company has a 50-day moving average price of $16.91 and a 200-day moving average price of $16.62. The company has a market cap of $82.78 million, a price-to-earnings ratio of 78.93 and a beta of 0.13.

Nuvera Communications (OTCMKTS:NUVR – Get Free Report) last released its quarterly earnings results on Friday, August 14th. The company reported ($0.03) EPS for the quarter. The firm had revenue of $17.66 million for the quarter. Nuvera Communications had a return on equity of 1.19% and a net margin of 1.58%.

About Nuvera Communications

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Nuvera Communications, Inc is a telecommunications provider headquartered in New Ulm, Minnesota. The company delivers broadband connectivity and communications services to residential, business and institutional customers, with offerings that include high-speed internet, voice services and digital television.

Nuvera also provides business-oriented technology solutions, including fiber-based connectivity, data networking, hosted voice and related communications services. Its network infrastructure includes fiber-optic facilities designed to support broadband access and other telecommunications applications.

The company’s operations are focused primarily on communities in southern and central Minnesota.

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