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

Usio, Inc. (NASDAQ:USIO) saw 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. Approximately 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 348,400 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Usio

Institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew its stake 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 valued at $248,000 after purchasing an additional 9,731 shares during the last quarter. Perritt Capital Management Inc lifted its holdings 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 during the period. Perkins Capital Management Inc. grew its position in Usio by 1.4% in the 4th quarter. Perkins Capital Management Inc. now owns 995,693 shares of the company’s stock valued at $1,454,000 after buying an additional 13,500 shares during the last quarter. Creative Planning acquired a new position in Usio in the 3rd quarter valued at $58,000. Finally, Integrity Wealth Advisors Inc. purchased a new position in Usio during the 4th quarter worth $139,000. Institutional investors and hedge funds own 20.23% of the company’s stock.

Usio Price Performance

Shares of NASDAQ:USIO opened at $1.86 on Friday. Usio has a one year low of $1.24 and a one year high of $2.92. The stock has a market capitalization of $50.46 million, a price-to-earnings ratio of 20.67 and a beta of 1.78. The company has a 50-day simple moving average of $1.82 and a 200-day simple moving average of $1.58. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.10 and a current ratio of 1.10.

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.