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

Usio, Inc. (NASDAQ:USIO) was the recipient of a significant decline in short interest during the month of November. As of November 30th, there was short interest totalling 5,500 shares, a decline of 62.6% from the November 15th total of 14,700 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 66,000 shares, the days-to-cover ratio is currently 0.1 days.

Usio Stock Down 1.4 %

Shares of Usio stock opened at $1.46 on Thursday. The company has a 50-day simple moving average of $1.43 and a two-hundred day simple moving average of $1.48. The stock has a market capitalization of $39.61 million, a PE ratio of 16.22 and a beta of 1.73. Usio has a 52-week low of $1.30 and a 52-week high of $2.00. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.10 and a current ratio of 1.10.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Creative Planning purchased a new stake in shares of Usio during the 3rd quarter valued at about $58,000. Whittier Trust Co. bought a new position in Usio in the third quarter worth approximately $3,821,000. Perritt Capital Management Inc boosted its stake in shares of 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 acquiring an additional 100,000 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of 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 acquiring an additional 9,731 shares during the last quarter. Institutional investors own 20.23% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reissued a “buy” rating and issued 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.