Cuentas Inc. (NASDAQ:CUEN – Get Free Report) 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 – Get Free Report) 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
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.
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