Usio, Inc. (NASDAQ:USIO) Sees Significant Increase in Short Interest

Usio, Inc. (NASDAQ:USIO) saw a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 36,300 shares, an increase of 560.0% from the November 30th total of 5,500 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 80,900 shares, the short-interest ratio is presently 0.4 days.

Usio Price Performance

NASDAQ:USIO traded down $0.03 during mid-day trading on Friday, reaching $1.43. 129,093 shares of the stock were exchanged, compared to its average volume of 42,995. The business has a fifty day moving average price of $1.42 and a 200 day moving average price of $1.47. The firm has a market capitalization of $38.80 million, a PE ratio of 15.89 and a beta of 1.73. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.03. Usio has a 1-year low of $1.24 and a 1-year high of $2.00.

Hedge Funds Weigh In On Usio

Hedge funds and other institutional investors have recently modified their holdings of the stock. Creative Planning purchased a new position in Usio during the 3rd quarter worth approximately $58,000. Geode Capital Management LLC raised its position in Usio by 5.6% during 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. Perritt Capital Management Inc lifted its stake 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 acquiring an additional 100,000 shares in the last quarter. Finally, Whittier Trust Co. acquired a new stake in Usio during the 3rd quarter worth about $3,821,000. Institutional investors and hedge funds own 20.23% of the company’s stock.

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.