Short Interest in Usio Inc (NASDAQ:USIO) Rises By 33.3%

Usio Inc (NASDAQ:USIO) was the recipient of a large increase in short interest in the month of May. As of May 31st, there was short interest totalling 23,200 shares, an increase of 33.3% from the May 15th total of 17,400 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 82,000 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Investors Weigh In On Usio

Large investors have recently bought and sold shares of the business. Perritt Capital Management Inc raised its holdings in Usio by 2.1% during the fourth quarter. Perritt Capital Management Inc now owns 478,200 shares of the company’s stock valued at $698,000 after buying an additional 10,000 shares in the last quarter. Perkins Capital Management Inc. increased its holdings 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 valued at $1,454,000 after acquiring an additional 13,500 shares during the last quarter. Integrity Wealth Advisors Inc. acquired a new position in shares of Usio during the 4th quarter valued at about $139,000. Renaissance Technologies LLC raised its stake in shares of Usio by 25.5% in the 4th quarter. Renaissance Technologies LLC now owns 479,383 shares of the company’s stock valued at $700,000 after acquiring an additional 97,442 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in Usio by 34.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 59,692 shares of the company’s stock worth $87,000 after purchasing an additional 15,334 shares during the last quarter. 20.23% of the stock is currently owned by institutional investors.

Usio Trading Up 1.4%

NASDAQ:USIO opened at $1.40 on Thursday. The company has a market capitalization of $37.11 million, a P/E ratio of 12.73 and a beta of 1.48. The stock’s 50 day moving average price is $1.48 and its 200 day moving average price is $1.61. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.11 and a current ratio of 1.12. Usio has a 52 week low of $1.24 and a 52 week high of $2.92.

Usio (NASDAQ:USIO) last posted its earnings results on Wednesday, May 14th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.05). Usio had a return on equity of 0.74% and a net margin of 3.95%. The business had revenue of $22.01 million during the quarter, compared to the consensus estimate of $22.05 million. On average, research analysts forecast that Usio will post -0.03 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on USIO shares. Wall Street Zen lowered shares of Usio from a “buy” rating to a “hold” rating in a research note on Thursday, May 22nd. HC Wainwright reiterated a “buy” rating and set a $4.00 price objective on shares of Usio in a report on Thursday, March 27th. Finally, Barrington Research downgraded Usio from a “hold” rating to a “strong sell” rating in a research note on Friday, June 6th.

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.