USA Truck, Inc. (NASDAQ:USAK) Short Interest Down 22.3% in July

USA Truck, Inc. (NASDAQ:USAKGet Rating) saw a significant decrease in short interest in July. As of July 15th, there was short interest totalling 59,900 shares, a decrease of 22.3% from the June 30th total of 77,100 shares. Based on an average daily trading volume, of 254,600 shares, the short-interest ratio is presently 0.2 days. Approximately 0.8% of the shares of the stock are sold short.

USA Truck Trading Down 0.1 %

Shares of USAK stock opened at $31.16 on Tuesday. USA Truck has a 1-year low of $26.02 and a 1-year high of $58.18. The company has a current ratio of 1.35, a quick ratio of 1.33 and a debt-to-equity ratio of 1.02. The stock has a market cap of $280.69 million, a price-to-earnings ratio of 8.18 and a beta of 1.08. The stock has a 50-day moving average of $23.95 and a 200-day moving average of $21.30.

Analysts Set New Price Targets

Several equities analysts have commented on USAK shares. Cowen increased their target price on USA Truck from $18.00 to $24.00 in a research report on Monday, May 2nd. StockNews.com upgraded shares of USA Truck from a “buy” rating to a “strong-buy” rating in a research report on Monday. Finally, Cowen upped their price target on shares of USA Truck from $18.00 to $24.00 and gave the company a “buy” rating in a research report on Monday, May 2nd.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. US Bancorp DE increased its position in shares of USA Truck by 10.0% during the second quarter. US Bancorp DE now owns 125,935 shares of the transportation company’s stock worth $3,957,000 after buying an additional 11,400 shares during the period. Victory Capital Management Inc. boosted its position in USA Truck by 6.2% during the second quarter. Victory Capital Management Inc. now owns 6,573 shares of the transportation company’s stock valued at $207,000 after acquiring an additional 385 shares during the last quarter. Patriot Financial Group Insurance Agency LLC raised its position in shares of USA Truck by 118.3% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 3,584 shares of the transportation company’s stock worth $113,000 after acquiring an additional 1,942 shares in the last quarter. Callahan Advisors LLC lifted its stake in shares of USA Truck by 5.0% in the 2nd quarter. Callahan Advisors LLC now owns 57,976 shares of the transportation company’s stock valued at $1,822,000 after purchasing an additional 2,757 shares during the period. Finally, Chicago Capital Management LLC bought a new stake in shares of USA Truck during the 2nd quarter valued at about $6,980,000. Institutional investors own 58.92% of the company’s stock.

USA Truck Company Profile

(Get Rating)

USA Truck, Inc operates as a truckload carrier in the United States, Mexico, and Canada. The company operates in two segments, Trucking and USAT Logistics. The Trucking segment offers motor carrier services as a medium-haul common and contract carrier; and freight services. The USAT Logistics segment provides freight brokerage, logistics, and intermodal rail services.

See Also

Want More Great Investing Ideas?

Receive News & Ratings for USA Truck Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for USA Truck and related companies with MarketBeat.com's FREE daily email newsletter.