Short Interest in Usio, Inc. (NASDAQ:USIO) Increases By 560.0%

Usio, Inc. (NASDAQ:USIO) was the recipient of a large growth in short interest during 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. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 80,900 shares, the short-interest ratio is presently 0.4 days.

Usio Price Performance

USIO stock traded down $0.02 on Thursday, reaching $1.41. The company had a trading volume of 49,480 shares, compared to its average volume of 42,121. The company’s fifty day moving average is $1.42 and its 200 day moving average is $1.47. The company has a market cap of $38.25 million, a P/E ratio of 15.67 and a beta of 1.73. 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 has a 1 year low of $1.24 and a 1 year high of $2.00.

Institutional Trading of Usio

Several institutional investors and hedge funds have recently made changes to their positions in USIO. Whittier Trust Co. purchased a new stake in Usio during the 3rd quarter worth about $3,821,000. Perritt Capital Management Inc grew its holdings in shares of Usio by 35.7% during the second 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. Geode Capital Management LLC grew its holdings in shares of Usio by 5.6% during the third quarter. Geode Capital Management LLC now owns 182,116 shares of the company’s stock worth $248,000 after buying an additional 9,731 shares in the last quarter. Finally, Creative Planning acquired a new position in shares of Usio in the third quarter valued at approximately $58,000. 20.23% of the stock is currently owned by hedge funds and other institutional investors.

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.