Usio, Inc. (NASDAQ:USIO) Short Interest Down 36.8% in October

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

Analyst Ratings Changes

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

Hedge Funds Weigh In On Usio

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Whittier Trust Co. bought a new position in Usio in the 3rd quarter worth approximately $3,821,000. Perritt Capital Management Inc grew its holdings in Usio by 35.7% in 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 in the last quarter. Finally, Creative Planning bought a new position in Usio in the 3rd quarter worth approximately $58,000. 20.23% of the stock is owned by institutional investors.

Usio Stock Performance

Shares of USIO stock opened at $1.39 on Friday. Usio has a 12-month low of $1.30 and a 12-month high of $2.09. The firm has a market capitalization of $36.74 million, a price-to-earnings ratio of -34.75 and a beta of 1.71. The business has a 50 day simple moving average of $1.44 and a 200 day simple moving average of $1.50. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.10 and a quick ratio of 1.10.

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.