Usio (NASDAQ:USIO) Short Interest Update

Usio (NASDAQ:USIO) was the target of a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 77,200 shares, a growth of 730.1% from the August 31st total of 9,300 shares. Based on an average trading volume of 86,800 shares, the short-interest ratio is currently 0.9 days. Currently, 0.7% of the shares of the stock are sold short.

Shares of Usio stock opened at $1.47 on Monday. Usio has a 52-week low of $0.75 and a 52-week high of $3.72. The stock has a market capitalization of $29.83 million, a price-to-earnings ratio of -3.96 and a beta of 1.43. The company has a fifty day moving average of $2.38 and a 200-day moving average of $1.92. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.01 and a current ratio of 1.01.

Usio (NASDAQ:USIO) last announced its quarterly earnings data on Friday, August 14th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.09) by ($0.01). The business had revenue of $6.96 million during the quarter, compared to analysts’ expectations of $6.44 million. Usio had a negative net margin of 16.75% and a negative return on equity of 66.62%. On average, equities research analysts forecast that Usio will post -0.34 earnings per share for the current fiscal year.

A number of research firms have commented on USIO. Maxim Group reissued a “buy” rating and issued a $4.00 price target on shares of Usio in a research note on Wednesday, August 19th. Alliance Global Partners cut shares of Usio from a “buy” rating to a “neutral” rating in a research note on Monday, August 3rd. Zacks Investment Research cut shares of Usio from a “buy” rating to a “hold” rating in a research note on Wednesday, September 23rd. Finally, Barrington Research began coverage on shares of Usio in a research note on Monday, August 17th. They issued a “buy” rating and a $5.00 price target for the company. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $4.00.

Usio Company Profile

Usio, Inc, together with its subsidiaries, provides integrated electronic payment processing services to merchants and businesses in the United States. The company offers various types of automated clearing house (ACH) processing; and credit, prepaid card, and debit card-based processing services. Its ACH processing services include Represented Check, a consumer non-sufficient funds check that is represented for payment electronically rather than through the paper check collection system; and Accounts Receivable Check Conversion, a consumer paper check payment, which is converted into an e-check.

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