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

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

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

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

Usio Trading Up 1.1 %

NASDAQ:USIO traded up $0.02 during trading hours on Friday, reaching $1.38. The company’s stock had a trading volume of 16,826 shares, compared to its average volume of 38,871. The firm has a market capitalization of $37.30 million, a price-to-earnings ratio of 15.11 and a beta of 1.73. The firm has a 50-day simple moving average of $1.43 and a 200-day simple moving average of $1.48. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.10 and a current ratio of 1.10. Usio has a 1 year low of $1.30 and a 1 year high of $2.00.

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.