Usio Inc (NASDAQ:USIO) Short Interest Up 33.3% in May

Usio Inc (NASDAQ:USIO) was the target of a large growth in short interest during the month of May. As of May 31st, there was short interest totalling 23,200 shares, a growth of 33.3% from the May 15th total of 17,400 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 82,000 shares, the days-to-cover ratio is presently 0.3 days.

Usio Trading Up 1.4%

Shares of Usio stock opened at $1.40 on Thursday. Usio has a 1 year low of $1.24 and a 1 year high of $2.92. The company’s fifty day simple moving average is $1.48 and its 200-day simple moving average is $1.61. The company has a market cap of $37.11 million, a price-to-earnings ratio of 12.73 and a beta of 1.48. The company has a current ratio of 1.12, a quick ratio of 1.11 and a debt-to-equity ratio of 0.03.

Usio (NASDAQ:USIO) last issued its quarterly earnings results on Wednesday, May 14th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.05). Usio had a net margin of 3.95% and a return on equity of 0.74%. The company had revenue of $22.01 million during the quarter, compared to the consensus estimate of $22.05 million. As a group, sell-side analysts expect that Usio will post -0.03 EPS for the current year.

Institutional Investors Weigh In On Usio

Several hedge funds have recently made changes to their positions in USIO. Perritt Capital Management Inc grew its position in Usio by 2.1% during the fourth quarter. Perritt Capital Management Inc now owns 478,200 shares of the company’s stock worth $698,000 after buying an additional 10,000 shares in the last quarter. Perkins Capital Management Inc. lifted its position in shares of 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 during the period. Integrity Wealth Advisors Inc. acquired a new stake in shares of Usio during the 4th quarter worth approximately $139,000. Renaissance Technologies LLC grew its holdings in shares of Usio by 25.5% during the 4th quarter. Renaissance Technologies LLC now owns 479,383 shares of the company’s stock worth $700,000 after purchasing an additional 97,442 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of Usio by 34.6% during the first quarter. Goldman Sachs Group Inc. now owns 59,692 shares of the company’s stock valued at $87,000 after purchasing an additional 15,334 shares during the period. Institutional investors own 20.23% of the company’s stock.

Wall Street Analyst Weigh In

USIO has been the subject of a number of research analyst reports. HC Wainwright reissued a “buy” rating and set a $4.00 target price on shares of Usio in a research report on Thursday, March 27th. Barrington Research cut Usio from a “hold” rating to a “strong sell” rating in a research report on Friday, June 6th. Finally, Wall Street Zen downgraded Usio from a “buy” rating to a “hold” rating in a research note on Thursday, May 22nd.

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.