A Reversal for Usa Technologies Inc (NASDAQ:USAT) Is Near. The Stock Has Decrease in Shorts

March 14, 2018 - By Louis Casey

 A Reversal for Usa Technologies Inc (NASDAQ:USAT) Is Near. The Stock Has Decrease in Shorts

Investors sentiment increased to 3.94 in 2017 Q3. 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.
Deutsche National Bank & Trust Ag, Germany-based fund reported 171,111 shares. Sei Investments invested in 0% or 4,026 shares. 31,548 were reported by Credit Suisse Ag. Royal Bancshares Of Canada accumulated 0% or 3,816 shares. Meeder Asset Management holds 0% of its portfolio in USA Technologies, Inc. (NASDAQ:USAT) for 363 shares. 303,500 were reported by Renaissance Technologies Limited Liability. Css Ltd Company Il owns 0% invested in USA Technologies, Inc. (NASDAQ:USAT) for 10,689 shares. Perkins Cap Mngmt reported 110,850 shares. 1.28 million were reported by Rk Cap Management Limited Liability Corp. Barclays Public Ltd Co, United Kingdom-based fund reported 1,089 shares. Centaur Prtn Ltd Partnership holds 250,000 shares or 2.71% of its portfolio. Bank & Trust Of New York Mellon accumulated 0% or 145,379 shares. Wells Fargo And Mn holds 921,113 shares or 0% of its portfolio. Symmetry Peak Mngmt Limited Liability Com invested in 20,000 shares or 0.01% of the stock. Wasatch Advsr reported 0.11% stake.

Since December 14, 2017, it had 0 insider buys, and 1 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. Northland Capital maintained the stock with “Buy” rating in Tuesday, September 5 report. The company was maintained on Monday, December 18 by Northland Capital. Northland Capital maintained the shares of USAT in report on Monday, November 16 with “Outperform” rating. The stock of USA Technologies, Inc. (NASDAQ:USAT) has “Buy” rating given on Friday, October 6 by Northland Capital. The company was upgraded on Monday, September 14 by Barrington Research.

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

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