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

Usio, Inc. (NASDAQ:USIO) was the recipient of a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 32,400 shares, a growth of 20.0% from the January 31st total of 27,000 shares. Based on an average daily trading volume, of 355,100 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.2% of the shares of the company are short sold.

Analyst Ratings Changes

Separately, HC Wainwright reaffirmed a “buy” rating and issued a $4.00 price target on shares of Usio in a research note on Wednesday, January 29th.

Usio Trading Up 5.5 %

NASDAQ:USIO opened at $1.54 on Thursday. Usio has a twelve month low of $1.24 and a twelve month high of $2.92. The company has a market cap of $41.78 million, a P/E ratio of 17.11 and a beta of 1.82. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.03. The business has a 50 day moving average price of $1.91 and a two-hundred day moving average price of $1.60.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Creative Planning bought a new stake in shares of Usio during the third quarter worth approximately $58,000. Integrity Wealth Advisors Inc. acquired a new stake in Usio during the 4th quarter worth approximately $139,000. Geode Capital Management LLC boosted its stake in Usio by 5.6% in the 3rd quarter. Geode Capital Management LLC now owns 182,116 shares of the company’s stock valued at $248,000 after purchasing an additional 9,731 shares during the period. Perritt Capital Management Inc grew its holdings in Usio by 2.1% in the 4th 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. Finally, Renaissance Technologies LLC increased its position in Usio by 25.5% during the 4th quarter. Renaissance Technologies LLC now owns 479,383 shares of the company’s stock worth $700,000 after buying an additional 97,442 shares during the period. 20.23% of the stock is owned by institutional investors and hedge funds.

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.