Usio, Inc. (NASDAQ:USIO) Sees Significant Decline in Short Interest

Usio, Inc. (NASDAQ:USIO) was the target of a significant decline in short interest in the month of January. As of January 31st, there was short interest totalling 27,000 shares, a decline of 73.4% from the January 15th total of 101,500 shares. Based on an average daily trading volume, of 348,400 shares, the short-interest ratio is presently 0.1 days. Approximately 0.2% of the company’s shares are short sold.

Hedge Funds Weigh In On Usio

Large investors have recently bought and sold shares of the business. Creative Planning acquired a new position in shares of Usio during the third quarter worth $58,000. Geode Capital Management LLC increased its position in shares of Usio by 5.6% during the third quarter. Geode Capital Management LLC now owns 182,116 shares of the company’s stock worth $248,000 after purchasing an additional 9,731 shares in the last quarter. Perritt Capital Management Inc increased its position in shares of Usio by 2.1% during the fourth quarter. Perritt Capital Management Inc now owns 478,200 shares of the company’s stock worth $698,000 after purchasing an additional 10,000 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Usio by 25.5% during the fourth quarter. Renaissance Technologies LLC now owns 479,383 shares of the company’s stock worth $700,000 after purchasing an additional 97,442 shares in the last quarter. Finally, Perkins Capital Management Inc. increased its position in shares of Usio by 1.4% during the fourth quarter. Perkins Capital Management Inc. now owns 995,693 shares of the company’s stock worth $1,454,000 after purchasing an additional 13,500 shares in the last quarter. Institutional investors own 20.23% of the company’s stock.

Usio Stock Performance

NASDAQ:USIO remained flat at $1.86 during trading hours on Thursday. 46,583 shares of the company were exchanged, compared to its average volume of 634,386. The stock has a market cap of $50.46 million, a P/E ratio of 20.66 and a beta of 1.78. Usio has a 52 week low of $1.24 and a 52 week high of $2.92. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.03. The firm has a 50 day simple moving average of $1.82 and a 200 day simple moving average of $1.58.

Wall Street Analyst Weigh In

Separately, HC Wainwright reiterated a “buy” rating and issued a $4.00 price target on shares of Usio in a report on Wednesday, January 29th.

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