Short Interest in US Xpress Enterprises Inc (NYSE:USX) Expands By 5.8%

US Xpress Enterprises Inc (NYSE:USX) was the recipient of a significant growth in short interest in the month of July. As of July 31st, there was short interest totalling 2,271,800 shares, a growth of 5.8% from the June 30th total of 2,146,900 shares. Based on an average daily trading volume, of 332,500 shares, the short-interest ratio is presently 6.8 days. Currently, 11.2% of the shares of the company are short sold.

A number of large investors have recently modified their holdings of USX. BNP Paribas Arbitrage SA boosted its holdings in shares of US Xpress Enterprises by 1,533.2% in the 1st quarter. BNP Paribas Arbitrage SA now owns 4,769 shares of the company’s stock valued at $32,000 after purchasing an additional 4,477 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of US Xpress Enterprises in the 1st quarter valued at $71,000. Public Employees Retirement System of Ohio acquired a new stake in shares of US Xpress Enterprises in the 2nd quarter valued at $77,000. Millennium Management LLC acquired a new stake in shares of US Xpress Enterprises in the 4th quarter valued at $83,000. Finally, Tranquility Partners LLC acquired a new stake in shares of US Xpress Enterprises in the 2nd quarter valued at $93,000. 34.84% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have issued reports on the company. Morgan Stanley dropped their price objective on US Xpress Enterprises from $20.00 to $10.00 and set an “overweight” rating on the stock in a research note on Thursday. Stephens lowered US Xpress Enterprises from an “overweight” rating to an “equal weight” rating in a research note on Monday, July 1st. Finally, Bank of America lowered US Xpress Enterprises from a “buy” rating to a “neutral” rating in a research note on Friday, July 12th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $13.25.

NYSE:USX traded down $0.25 during trading hours on Thursday, reaching $3.60. 148,876 shares of the company were exchanged, compared to its average volume of 359,723. The firm has a market capitalization of $180.34 million and a P/E ratio of 2.26. US Xpress Enterprises has a 1-year low of $3.66 and a 1-year high of $16.34. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.87 and a quick ratio of 0.87. The firm has a 50 day moving average of $4.73.

US Xpress Enterprises (NYSE:USX) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.09). The company had revenue of $413.86 million for the quarter, compared to analyst estimates of $426.58 million. US Xpress Enterprises had a return on equity of 19.96% and a net margin of 1.74%. The company’s quarterly revenue was down 8.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.79 EPS. On average, equities research analysts forecast that US Xpress Enterprises will post 0.73 EPS for the current year.

US Xpress Enterprises Company Profile

U.S. Xpress Enterprises, Inc operates as an asset-based truckload carrier providing services primarily in the United States. It operates through two segments, Truckload and Brokerage. The Truckload segment offers asset-based truckload services, including the over-the-road and contract services. The Brokerage segment provides non-asset-based freight brokerage services.

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