Usio, Inc. (NASDAQ:USIO) Short Interest Down 73.4% in January

Usio, Inc. (NASDAQ:USIO) saw a significant drop in short interest in the month of January. As of January 31st, there was short interest totalling 27,000 shares, a drop of 73.4% from the January 15th total of 101,500 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 348,400 shares, the days-to-cover ratio is presently 0.1 days.

Usio Stock Performance

USIO stock traded up $0.09 during trading on Wednesday, hitting $1.87. 112,874 shares of the company traded hands, compared to its average volume of 654,307. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.10 and a quick ratio of 1.10. Usio has a 1 year low of $1.24 and a 1 year high of $2.92. The stock’s 50-day simple moving average is $1.81 and its 200 day simple moving average is $1.58. The company has a market cap of $50.60 million, a PE ratio of 20.72 and a beta of 1.78.

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 research report on Wednesday, January 29th.

Institutional Trading of Usio

Hedge funds and other institutional investors have recently modified their holdings of the stock. Creative Planning acquired a new position in Usio during the 3rd quarter worth about $58,000. Whittier Trust Co. acquired a new stake in Usio in the third quarter valued at $3,821,000. Geode Capital Management LLC lifted 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 worth $248,000 after buying an additional 9,731 shares during the last quarter. Finally, Perkins Capital Management Inc. boosted its position in shares of Usio by 1.4% during the 4th quarter. Perkins Capital Management Inc. now owns 995,693 shares of the company’s stock worth $1,454,000 after acquiring an additional 13,500 shares in the last quarter. 20.23% of the stock is owned by institutional investors and hedge funds.

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.