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

Usio, Inc. (NASDAQ:USIO - Get Free Report) was the target of a large increase in short interest in December. As of December 31st, there was short interest totalling 55,400 shares, an increase of 52.6% from the December 15th total of 36,300 shares. Based on an average daily volume of 243,900 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.3% of the shares of the stock are sold short.

Hedge Funds Weigh In On Usio

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Creative Planning bought a new stake in Usio in the 3rd quarter worth approximately $58,000. Geode Capital Management LLC grew 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 purchasing an additional 9,731 shares in the last quarter. Finally, Whittier Trust Co. bought a new stake in Usio in the third quarter worth $3,821,000. 20.23% of the stock is owned by institutional investors.

Usio Price Performance

Shares of USIO traded up $0.04 during midday trading on Wednesday, hitting $2.24. 200,244 shares of the company traded hands, compared to its average volume of 1,319,005. The stock has a market cap of $60.77 million, a price-to-earnings ratio of 24.89 and a beta of 1.75. The firm has a 50 day moving average of $1.56 and a 200-day moving average of $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 has a 52 week low of $1.24 and a 52 week high of $2.92.

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.