Usio Inc (NASDAQ:USIO) Sees Large Decline in Short Interest

Usio Inc (NASDAQ:USIO) was the recipient of a large decrease in short interest in October. As of October 15th, there was short interest totaling 39,300 shares, a decrease of 27.8% from the September 30th total of 54,400 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 91,300 shares, the short-interest ratio is currently 0.4 days. Based on an average daily volume of 91,300 shares, the short-interest ratio is currently 0.4 days. Approximately 0.2% of the shares of the company are sold short.

Analysts Set New Price Targets

Separately, Weiss Ratings cut Usio from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, October 24th. One research analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $4.00.

Institutional Investors Weigh In On Usio

A number of institutional investors have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. raised its position in shares of Usio by 246.1% during the second quarter. Osaic Holdings Inc. now owns 28,353 shares of the company’s stock valued at $43,000 after buying an additional 20,161 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in 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 acquiring an additional 15,334 shares in the last quarter. XTX Topco Ltd increased its holdings in Usio by 105.8% in the 1st quarter. XTX Topco Ltd now owns 26,890 shares of the company’s stock valued at $39,000 after acquiring an additional 13,826 shares during the last quarter. Finally, Ritholtz Wealth Management lifted its stake in Usio by 36.8% in the 2nd quarter. Ritholtz Wealth Management now owns 31,370 shares of the company’s stock worth $48,000 after purchasing an additional 8,442 shares in the last quarter. 20.23% of the stock is owned by hedge funds and other institutional investors.

Usio Trading Up 0.3%

Shares of USIO stock opened at $1.48 on Wednesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.11 and a current ratio of 1.11. The stock has a fifty day simple moving average of $1.45 and a two-hundred day simple moving average of $1.51. The firm has a market capitalization of $39.08 million, a PE ratio of 14.75 and a beta of 1.36. Usio has a 52-week low of $1.24 and a 52-week high of $2.92.

Usio (NASDAQ:USIO) last released its earnings results on Wednesday, August 6th. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.01). The firm had revenue of $19.96 million during the quarter, compared to analysts’ expectations of $22.41 million. Usio had a negative return on equity of 1.63% and a net margin of 3.43%. On average, analysts predict that Usio will post -0.03 EPS for the current fiscal year.

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.