Usio Inc (NASDAQ:USIO) Short Interest Down 57.4% in May

Usio Inc (NASDAQ:USIO) saw a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 30,835 shares, a decrease of 57.4% from the May 14th total of 72,407 shares. Based on an average daily volume of 124,638 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the company’s shares are short sold.

Wall Street Analyst Weigh In

A number of research firms have recently commented on USIO. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Usio in a research note on Friday, March 27th. Zacks Research raised shares of Usio from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. HC Wainwright reaffirmed a “buy” rating and issued a $4.00 price objective on shares of Usio in a research note on Friday, March 20th. Finally, LADENBURG THALM/SH SH upped their price objective on shares of Usio from $5.75 to $6.25 and gave the company a “buy” rating in a research note on Friday, May 15th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $5.13.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Whittier Trust Co. bought a new position in Usio during the first quarter worth $3,202,000. North Star Investment Management Corp. bought a new position in shares of Usio in the first quarter valued at $205,000. Rothschild Wealth LLC bought a new position in shares of Usio in the fourth quarter valued at $563,000. Citadel Advisors LLC lifted its stake in shares of Usio by 103.7% in the third quarter. Citadel Advisors LLC now owns 78,493 shares of the company’s stock valued at $111,000 after buying an additional 39,959 shares in the last quarter. Finally, Scoggin Management LP bought a new position in shares of Usio in the third quarter valued at $114,000. 20.23% of the stock is owned by institutional investors.

Usio Stock Up 5.8%

NASDAQ USIO traded up $0.10 on Friday, hitting $1.81. 191,244 shares of the company were exchanged, compared to its average volume of 96,111. The company has a market cap of $49.96 million, a PE ratio of -22.63 and a beta of 1.40. Usio has a 12 month low of $1.03 and a 12 month high of $2.02. The stock has a fifty day moving average of $1.37 and a 200-day moving average of $1.35. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.05.

Usio (NASDAQ:USIO) last issued its earnings results on Wednesday, May 13th. The company reported $0.00 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.01. The business had revenue of $25.47 million for the quarter, compared to analyst estimates of $23.20 million. Usio had a negative net margin of 2.43% and a negative return on equity of 11.73%. As a group, analysts forecast that Usio will post -0.01 earnings per share for the current year.

Usio Company Profile

Usio, Inc (NASDAQ: USIO) is a financial technology company that delivers integrated payment, transaction processing, and money services solutions. The company’s platform combines merchant acquiring, multi‐rail payment enablement and business management tools to support merchants, financial institutions and business partners in automating and securing electronic and cash‐based transactions.

Through its subsidiaries, Usio provides a broad range of products and services, including point-of-sale terminals, payment gateway services, automated teller machine (ATM) processing, bill payment, money order issuance, domestic and international money transfer and remittance solutions.