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

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

Hedge Funds Weigh In On Usio

Several institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC lifted its stake 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 purchasing an additional 9,731 shares in the last quarter. Whittier Trust Co. bought a new stake in shares of Usio in the third quarter worth about $3,821,000. Finally, Creative Planning purchased a new stake in shares of Usio in the third quarter worth about $58,000. 20.23% of the stock is owned by hedge funds and other institutional investors.

Usio Price Performance

Shares of Usio stock traded down $0.07 on Thursday, hitting $2.17. 75,669 shares of the company traded hands, compared to its average volume of 1,194,469. Usio has a 52 week low of $1.24 and a 52 week high of $2.92. The business has a 50-day simple moving average of $1.56 and a 200 day simple 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. The stock has a market capitalization of $58.87 million, a P/E ratio of 24.11 and a beta of 1.75.

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.