Usio Inc (NASDAQ:USIO) Sees Large Decline in Short Interest

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. lifted its position in Usio by 34.6% during the first quarter. Goldman Sachs Group Inc. now owns 59,692 shares of the company’s stock valued at $87,000 after buying an additional 15,334 shares in the last quarter. Osaic Holdings Inc. lifted its position in Usio by 246.1% during the second quarter. Osaic Holdings Inc. now owns 28,353 shares of the company’s stock valued at $43,000 after buying an additional 20,161 shares in the last quarter. GSA Capital Partners LLP lifted its position in Usio by 39.8% during the third quarter. GSA Capital Partners LLP now owns 90,301 shares of the company’s stock valued at $128,000 after buying an additional 25,696 shares in the last quarter. Citadel Advisors LLC lifted its position in Usio by 103.7% during 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 acquired a new position in Usio during the third quarter valued at approximately $114,000. 20.23% of the stock is owned by institutional investors and hedge funds.

Usio Price Performance

USIO opened at $1.71 on Friday. The company’s 50 day simple moving average is $1.36 and its 200 day simple moving average is $1.35. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.09 and a current ratio of 1.09. Usio has a 1 year low of $1.03 and a 1 year high of $2.02. The stock has a market capitalization of $47.20 million, a PE ratio of -21.38 and a beta of 1.40.

Usio (NASDAQ:USIO) last posted its quarterly earnings results on Wednesday, May 13th. The company reported $0.00 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.01. The firm 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, sell-side analysts expect that Usio will post -0.01 EPS for the current year.

Analysts Set New Price Targets

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

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.