Short Interest in Usio, Inc. (NASDAQ:USIO) Expands By 560.0%

Usio, Inc. (NASDAQ:USIO) was the recipient of a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 36,300 shares, an increase of 560.0% from the November 30th total of 5,500 shares. Based on an average trading volume of 80,900 shares, the short-interest ratio is presently 0.4 days. Approximately 0.2% of the company’s shares are short sold.

Institutional Investors Weigh In On Usio

A number of large investors have recently modified their holdings of the stock. Whittier Trust Co. purchased a new position in Usio in the 3rd quarter worth approximately $3,821,000. Perritt Capital Management Inc lifted its position in shares of Usio by 35.7% during the second quarter. Perritt Capital Management Inc now owns 380,000 shares of the company’s stock worth $581,000 after purchasing an additional 100,000 shares in the last quarter. Creative Planning purchased a new position in shares of Usio in the third quarter valued at $58,000. Finally, Geode Capital Management LLC grew its holdings in Usio by 5.6% during the 3rd quarter. Geode Capital Management LLC now owns 182,116 shares of the company’s stock valued at $248,000 after purchasing an additional 9,731 shares in the last quarter. Institutional investors and hedge funds own 20.23% of the company’s stock.

Usio Trading Down 1.1 %

NASDAQ USIO traded down $0.02 during mid-day trading on Thursday, hitting $1.41. The company’s stock had a trading volume of 49,480 shares, compared to its average volume of 42,121. The firm has a market capitalization of $38.25 million, a P/E ratio of 15.67 and a beta of 1.73. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.10 and a quick ratio of 1.10. Usio has a 52-week low of $1.24 and a 52-week high of $2.00. The stock’s fifty day simple moving average is $1.42 and its two-hundred day simple moving average is $1.47.

About Usio

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 transaction processing services include Represented Check and Check Conversion for electronic payment facilitation.