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

Usio, Inc. (NASDAQ:USIO - Get Free Report) was the recipient of a large decline in short interest in January. As of January 31st, there was short interest totalling 27,000 shares, a decline of 73.4% from the January 15th total of 101,500 shares. Currently, 0.2% of the company's stock are sold short. Based on an average daily volume of 348,400 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On Usio

Large investors have recently added to or reduced their stakes in the stock. Integrity Wealth Advisors Inc. purchased a new stake in Usio in the 4th quarter worth $139,000. Renaissance Technologies LLC increased its holdings in Usio by 25.5% in the 4th quarter. Renaissance Technologies LLC now owns 479,383 shares of the company's stock worth $700,000 after acquiring an additional 97,442 shares in the last quarter. Perritt Capital Management Inc increased its holdings in Usio by 2.1% in the 4th quarter. Perritt Capital Management Inc now owns 478,200 shares of the company's stock worth $698,000 after acquiring an additional 10,000 shares in the last quarter. Perkins Capital Management Inc. increased its holdings in Usio by 1.4% in the 4th quarter. Perkins Capital Management Inc. now owns 995,693 shares of the company's stock worth $1,454,000 after acquiring an additional 13,500 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Usio by 5.6% in the 3rd quarter. Geode Capital Management LLC now owns 182,116 shares of the company's stock worth $248,000 after acquiring an additional 9,731 shares in the last quarter. 20.23% of the stock is owned by hedge funds and other institutional investors.

Usio Stock Up 2.2 %

Shares of USIO traded up $0.04 on Friday, hitting $1.90. 154,187 shares of the stock traded hands, compared to its average volume of 396,061. The company has a market capitalization of $51.55 million, a PE ratio of 21.11 and a beta of 1.78. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.10 and a current ratio of 1.10. The business has a 50 day simple moving average of $1.84 and a 200 day simple moving average of $1.58. Usio has a one year low of $1.24 and a one year high of $2.92.

Wall Street Analyst Weigh In

Separately, HC Wainwright reiterated a "buy" rating and issued a $4.00 price objective on shares of Usio in a research note on Wednesday, January 29th.

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.