Short Interest in Usio Inc (NASDAQ:USIO) Expands By 1,168.7%

Usio Inc (NASDAQ:USIOGet Free Report) was the recipient of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 72,407 shares, an increase of 1,168.7% from the April 30th total of 5,707 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 119,462 shares, the days-to-cover ratio is currently 0.6 days.

Usio Price Performance

Shares of USIO traded down $0.06 during midday trading on Friday, reaching $1.62. The stock had a trading volume of 129,377 shares, compared to its average volume of 57,338. The company has a market capitalization of $44.57 million, a price-to-earnings ratio of -20.19 and a beta of 1.29. Usio has a 12-month low of $1.03 and a 12-month high of $2.02. The company’s 50-day moving average is $1.27 and its 200 day moving average is $1.34. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.05.

Usio (NASDAQ:USIOGet Free Report) last released its quarterly earnings results on Wednesday, May 13th. The company reported $0.00 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.01. Usio had a negative return on equity of 11.73% and a negative net margin of 2.43%.The business had revenue of $25.47 million during the quarter, compared to analyst estimates of $23.20 million. On average, equities analysts predict that Usio will post -0.02 EPS for the current fiscal year.

Wall Street Analyst Weigh In

USIO has been the subject of several research analyst reports. Zacks Research upgraded Usio from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. HC Wainwright reissued a “buy” rating and set a $4.00 target price on shares of Usio in a report on Friday, March 20th. LADENBURG THALM/SH SH upped their price objective on Usio from $5.75 to $6.25 and gave the stock a “buy” rating in a research report on Friday, May 15th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Usio in a research report on Friday, March 27th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Usio presently has a consensus rating of “Hold” and an average target price of $5.13.

Check Out Our Latest Research Report on USIO

Institutional Trading of Usio

A number of large investors have recently modified their holdings of the company. Whittier Trust Co. acquired a new position in shares of Usio in the 1st quarter valued at $3,202,000. Rothschild Wealth LLC acquired a new stake in shares of Usio during the 4th quarter valued at about $563,000. North Star Investment Management Corp. purchased a new position in Usio in the 1st quarter valued at about $205,000. Scoggin Management LP purchased a new position in Usio in the 3rd quarter valued at about $114,000. Finally, Citadel Advisors LLC lifted its stake in Usio by 103.7% in the 3rd quarter. Citadel Advisors LLC now owns 78,493 shares of the company’s stock valued at $111,000 after buying an additional 39,959 shares in the last quarter. Hedge funds and other institutional investors own 20.23% of the company’s stock.

About Usio

(Get Free Report)

Usio, Inc (NASDAQ: USIO) is a financial technology company that delivers integrated payment, transaction processing, and money services solutions. The company’s platform combines merchant acquiring, multi‐rail payment enablement and business management tools to support merchants, financial institutions and business partners in automating and securing electronic and cash‐based transactions.

Through its subsidiaries, Usio provides a broad range of products and services, including point-of-sale terminals, payment gateway services, automated teller machine (ATM) processing, bill payment, money order issuance, domestic and international money transfer and remittance solutions.

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