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

Usio, Inc. (NASDAQ:USIO) was the target of a large 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. Based on an average trading volume of 80,900 shares, the short-interest ratio is currently 0.4 days. Currently, 0.2% of the company’s stock are short sold.

Usio Stock Performance

USIO stock traded down $0.03 during midday trading on Friday, hitting $1.43. 129,093 shares of the company traded hands, compared to its average volume of 42,995. The business has a 50 day simple moving average of $1.42 and a 200-day simple moving average of $1.47. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.03. Usio has a twelve month low of $1.24 and a twelve month high of $2.00. The stock has a market capitalization of $38.80 million, a price-to-earnings ratio of 15.89 and a beta of 1.73.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of USIO. Perritt Capital Management Inc boosted its holdings in Usio by 35.7% during the second quarter. Perritt Capital Management Inc now owns 380,000 shares of the company’s stock valued at $581,000 after acquiring an additional 100,000 shares during the period. Creative Planning acquired a new stake in Usio in the 3rd quarter worth $58,000. Whittier Trust Co. bought a new position in shares of Usio during the 3rd quarter worth about $3,821,000. Finally, Geode Capital Management LLC raised its position 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 valued at $248,000 after buying an additional 9,731 shares during the last quarter. 20.23% of the stock is currently owned by institutional investors and hedge funds.

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.