Usio, Inc. (NASDAQ:USIO) Short Interest Up 560.0% in December

by · The Markets Daily

Usio, Inc. (NASDAQ:USIO – Get Free Report) was the target of a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 36,300 shares, a growth of 560.0% from the November 30th total of 5,500 shares. Based on an average trading volume of 80,900 shares, the short-interest ratio is presently 0.4 days. Approximately 0.2% of the shares of the company are short sold.

Usio Stock Performance

Shares of USIO traded down $0.01 during trading hours on Friday, hitting $1.45. The company’s stock had a trading volume of 136,165 shares, compared to its average volume of 43,025. The business has a 50 day simple moving average of $1.43 and a two-hundred day simple moving average of $1.47. Usio has a 52-week low of $1.24 and a 52-week high of $2.00. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.10 and a quick ratio of 1.10. The company has a market cap of $39.34 million, a price-to-earnings ratio of 16.11 and a beta of 1.73.

Institutional Investors Weigh In On Usio

Institutional investors have recently made changes to their positions in the stock. Perritt Capital Management Inc lifted its holdings in Usio by 35.7% during the 2nd quarter. Perritt Capital Management Inc now owns 380,000 shares of the company’s stock worth $581,000 after purchasing an additional 100,000 shares in the last quarter. Creative Planning purchased a new stake in shares of Usio in the third quarter worth about $58,000. Whittier Trust Co. bought a new position in shares of Usio in the third quarter valued at approximately $3,821,000. Finally, Geode Capital Management LLC grew its stake 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 acquiring an additional 9,731 shares in the last quarter. Hedge funds and other institutional investors own 20.23% of the company’s stock.

Usio Company Profile

(Get Free Report)

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.

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