Short Interest in Usio, Inc. (NASDAQ:USIO) Expands By 52.6%

Usio, Inc. (NASDAQ:USIO) was the recipient of a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 55,400 shares, a growth of 52.6% from the December 15th total of 36,300 shares. Based on an average daily volume of 243,900 shares, the short-interest ratio is currently 0.2 days. Currently, 0.3% of the shares of the company are sold short.

Institutional Investors Weigh In On Usio

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Creative Planning bought a new stake in Usio during the third quarter worth approximately $58,000. Geode Capital Management LLC lifted its holdings in shares of Usio by 5.6% in the third quarter. Geode Capital Management LLC now owns 182,116 shares of the company’s stock valued at $248,000 after buying an additional 9,731 shares during the period. Finally, Whittier Trust Co. bought a new position in Usio during the third quarter valued at about $3,821,000. 20.23% of the stock is currently owned by institutional investors.

Usio Stock Performance

Shares of USIO traded up $0.02 during mid-day trading on Wednesday, reaching $2.22. 173,673 shares of the company’s stock traded hands, compared to its average volume of 1,315,944. Usio has a 12 month low of $1.24 and a 12 month high of $2.92. The stock has a market capitalization of $60.23 million, a P/E ratio of 24.67 and a beta of 1.75. The business’s 50-day moving average price is $1.56 and its 200-day moving average price is $1.50. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.10 and a current 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.