Cuentas Inc. (NASDAQ:CUEN – Get Rating) was the recipient of a large decrease in short interest in the month of April. As of April 30th, there was short interest totalling 97,500 shares, a decrease of 37.8% from the April 15th total of 156,700 shares. Currently, 1.6% of the shares of the company are short sold. Based on an average daily trading volume, of 417,600 shares, the days-to-cover ratio is presently 0.2 days.
NASDAQ:CUEN opened at $0.69 on Friday. Cuentas has a one year low of $0.62 and a one year high of $9.25. The business has a fifty day moving average price of $1.21 and a 200-day moving average price of $1.47.
Large investors have recently bought and sold shares of the company. Citadel Advisors LLC increased its stake in shares of Cuentas by 47.4% in the 4th quarter. Citadel Advisors LLC now owns 32,140 shares of the company’s stock worth $43,000 after purchasing an additional 10,333 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Cuentas in the 4th quarter worth $44,000. Spire Wealth Management purchased a new stake in shares of Cuentas in the 4th quarter worth $95,000. Morgan Stanley purchased a new stake in shares of Cuentas in the 3rd quarter worth $103,000. Finally, Platform Technology Partners increased its stake in shares of Cuentas by 40.0% in the 1st quarter. Platform Technology Partners now owns 99,709 shares of the company’s stock worth $129,000 after purchasing an additional 28,490 shares in the last quarter. Hedge funds and other institutional investors own 3.46% of the company’s stock.
Cuentas Inc, through its subsidiaries, provides mobile banking, online banking, 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.
- Get a free copy of the StockNews.com research report on Cuentas (CUEN)
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