Cuentas Inc. (NASDAQ:CUEN) Short Interest Down 5.6% in October

Cuentas Inc. (NASDAQ:CUEN) was the target of a significant decrease in short interest in October. As of October 31st, there was short interest totalling 38,700 shares, a decrease of 5.6% from the October 15th total of 41,000 shares. Currently, 2.8% of the company’s stock are sold short. Based on an average daily trading volume, of 48,900 shares, the days-to-cover ratio is presently 0.8 days.

Cuentas Trading Up 2.7 %

Cuentas stock traded up $0.03 during trading on Friday, hitting $0.95. 30,457 shares of the company were exchanged, compared to its average volume of 66,180. The business’s 50 day moving average is $1.35 and its 200 day moving average is $3.24. Cuentas has a 52 week low of $0.80 and a 52 week high of $21.45.

Cuentas (NASDAQ:CUEN) last posted its quarterly earnings data on Monday, August 14th. The company reported ($0.67) earnings per share for the quarter. Cuentas had a negative return on equity of 526.36% and a negative net margin of 532.35%. The business had revenue of $0.04 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Cuentas stock. Armistice Capital LLC acquired a new stake in shares of Cuentas Inc. (NASDAQ:CUEN) during the third quarter, according to its most recent filing with the SEC. The fund acquired 93,697 shares of the company’s stock, valued at approximately $131,000. Armistice Capital LLC owned 4.46% of Cuentas as of its most recent filing with the SEC. Hedge funds and other institutional investors own 3.67% of the company’s stock.

About Cuentas

Cuentas Inc, together with its subsidiaries, provides mobile, prepaid debit, and digital content services to the unbanked, underbanked, and underserved communities in the United States and internationally. It offers prepaid voice, text, and data mobile phone services; and domestic and international long-distance voice, text, and data telephony services.