Short Interest in Usio, Inc. (NASDAQ:USIO) Drops By 62.6%

Usio, Inc. (NASDAQ:USIO) saw a large decrease in short interest in the month of November. As of November 30th, there was short interest totalling 5,500 shares, a decrease of 62.6% from the November 15th total of 14,700 shares. Based on an average daily trading volume, of 66,000 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Usio Trading Down 1.4 %

Shares of Usio stock opened at $1.46 on Thursday. Usio has a twelve month low of $1.30 and a twelve month high of $2.00. 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 business has a 50-day moving average price of $1.43 and a 200-day moving average price of $1.48. The firm has a market cap of $39.61 million, a price-to-earnings ratio of 16.22 and a beta of 1.73.

Analysts Set New Price Targets

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

Institutional Trading of Usio

Hedge funds have recently modified their holdings of the company. Whittier Trust Co. bought a new stake in Usio in the third quarter worth $3,821,000. Perritt Capital Management Inc increased its holdings in shares of Usio by 35.7% in the 2nd quarter. Perritt Capital Management Inc now owns 380,000 shares of the company’s stock worth $581,000 after buying an additional 100,000 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Usio by 5.6% in the 3rd quarter. Geode Capital Management LLC now owns 182,116 shares of the company’s stock worth $248,000 after buying an additional 9,731 shares during the last quarter. Finally, Creative Planning purchased a new stake in shares of Usio during the 3rd quarter valued at about $58,000. 20.23% of the stock is owned by hedge funds and other institutional investors.

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.