Saia Inc (NASDAQ:SAIA)’s Trend Unknown, Especially After Increased Shorts

Saia, Inc. (NASDAQ:SAIA) Logo

The stock of Saia Inc (NASDAQ:SAIA) registered an increase of 6.71% in short interest. SAIA’s total short interest was 1.51 million shares in May as published by FINRA. Its up 6.71% from 1.41M shares, reported previously. With 320,800 shares average volume, it will take short sellers 5 days to cover their SAIA’s short positions.

The stock increased 0.57% or $0.39 during the last trading session, reaching $68.08. About 59,711 shares traded. Saia, Inc. (NASDAQ:SAIA) has declined 9.24% since May 8, 2018 and is downtrending. It has underperformed by 13.61% the S&P500.

Saia, Inc., through its wholly-owned subsidiaries, operates as a transportation firm in the United States. The company has market cap of $1.75 billion. It provides regional and interregional less-than-truckload services; truckload services; and other value-added services, including non-asset truckload, expedited, and logistics services. It has a 16.85 P/E ratio. The firm offers solutions for shipments between 100 and 10,000 pounds.

Saia, Inc. (NASDAQ:SAIA) Ratings Coverage

Among 2 analysts covering Saia (NASDAQ:SAIA), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Saia had 6 analyst reports since December 13, 2018 according to SRatingsIntel. The rating was upgraded by Deutsche Bank on Thursday, February 7 to “Buy”.

More notable recent Saia, Inc. (NASDAQ:SAIA) news were published by: Nasdaq.com which released: “Saia (SAIA) Q4 Earnings and Revenues Beat Estimates – Nasdaq” on February 04, 2019, also Globenewswire.com with their article: “Saia Provides Fourth Quarter-to-Date LTL Operating Data – GlobeNewswire” published on December 05, 2018, Nasdaq.com published: “Noteworthy Friday Option Activity: SAIA, COTY, AMGN – Nasdaq” on April 26, 2019. More interesting news about Saia, Inc. (NASDAQ:SAIA) were released by: Globenewswire.com and their article: “New Saia Terminal to Provide Service to Rhode Island – GlobeNewswire” published on March 11, 2019 as well as Globenewswire.com‘s news article titled: “Saia LTL Freight Opens New Missouri Terminal – GlobeNewswire” with publication date: October 12, 2018.

Saia, Inc. (NASDAQ:SAIA) Institutional Positions Chart

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