Usio, Inc. (NASDAQ:USIO) Short Interest Update

Usio, Inc. (NASDAQ:USIO) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totalling 23,100 shares, an increase of 32.8% from the September 15th total of 17,400 shares. Based on an average daily trading volume, of 27,000 shares, the short-interest ratio is currently 0.9 days. Approximately 0.1% of the shares of the stock are short sold.

Usio Stock Performance

Shares of NASDAQ:USIO opened at $1.39 on Tuesday. The company has a market capitalization of $36.74 million, a price-to-earnings ratio of -34.75 and a beta of 1.71. Usio has a 12 month low of $1.30 and a 12 month high of $2.28. The firm’s 50-day moving average is $1.45 and its 200 day moving average is $1.51. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.04.

Hedge Funds Weigh In On Usio

A hedge fund recently bought a new stake in Usio stock. Creative Planning bought a new position in Usio, Inc. (NASDAQ:USIO) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 42,734 shares of the company’s stock, valued at approximately $58,000. Creative Planning owned approximately 0.16% of Usio at the end of the most recent reporting period. Institutional investors and hedge funds own 20.23% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, HC Wainwright restated a “buy” rating and issued a $4.00 target price on shares of Usio in a report on Friday, August 16th.

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.