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

Usio, Inc. (NASDAQ:USIO) was the recipient of a large drop in short interest in October. As of October 15th, there was short interest totalling 14,600 shares, a drop of 36.8% from the September 30th total of 23,100 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 28,100 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of USIO. Whittier Trust Co. acquired a new stake in Usio during the 3rd quarter worth approximately $3,821,000. Perritt Capital Management Inc lifted its holdings in Usio by 35.7% during 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 period. Finally, Creative Planning acquired a new position in Usio during the 3rd quarter worth about $58,000. 20.23% of the stock is owned by institutional investors and hedge funds.

Usio Price Performance

Shares of Usio stock remained flat at $1.40 during trading hours on Monday. The company’s stock had a trading volume of 1,214 shares, compared to its average volume of 28,581. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $36.98 million, a P/E ratio of -35.00 and a beta of 1.71. Usio has a 12 month low of $1.30 and a 12 month high of $2.09. The stock has a 50 day simple moving average of $1.44 and a 200 day simple moving average of $1.50.

Analyst Upgrades and Downgrades

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

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.