Short Interest in Cuentas Inc. (NASDAQ:CUEN) Drops By 58.0%

Cuentas Inc. (NASDAQ:CUEN) was the target of a large decrease in short interest in December. As of December 31st, there was short interest totalling 17,000 shares, a decrease of 58.0% from the December 15th total of 40,500 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average trading volume of 83,900 shares, the days-to-cover ratio is currently 0.2 days.

CUEN stock opened at $1.22 on Friday. Cuentas has a 12-month low of $1.15 and a 12-month high of $9.25. The stock’s 50 day simple moving average is $1.90 and its 200 day simple moving average is $2.81.

A number of hedge funds have recently added to or reduced their stakes in CUEN. Virtu Financial LLC bought a new position in shares of Cuentas during the 2nd quarter valued at $62,000. Citadel Advisors LLC bought a new position in Cuentas in the 3rd quarter worth $63,000. Bank of Montreal Can bought a new position in Cuentas in the 2nd quarter worth $78,000. Spire Wealth Management bought a new position in Cuentas in the 4th quarter worth $95,000. Finally, Morgan Stanley purchased a new stake in Cuentas in the 3rd quarter worth $103,000. 2.77% of the stock is currently owned by institutional investors and hedge funds.

About Cuentas

Cuentas, Inc is a financial technology company, which focuses on the business of using proprietary technology to provide e-banking and e-commerce services delivering mobile banking, online banking, prepaid debit and digital content services to the unbanked, underbanked and underserved communities. It operates through the Telecommunications and General Purpose Reloadable Cards segments.

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