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

Usio Inc (NASDAQ:USIO) saw a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 30,835 shares, a decline of 57.4% from the May 14th total of 72,407 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 124,638 shares, the short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On Usio

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

Analysts Set New Price Targets

A number of research firms have recently commented on USIO. Weiss Ratings restated a “sell (d)” rating on shares of Usio in a report on Friday, March 27th. 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 report on Friday, May 15th. Zacks Research upgraded Usio from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Finally, HC Wainwright restated a “buy” rating and set a $4.00 price objective on shares of Usio in a report on Friday, March 20th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $5.13.

Usio Trading Up 5.8%

Shares of USIO stock traded up $0.10 on Friday, reaching $1.81. 191,244 shares of the stock were exchanged, compared to its average volume of 96,111. The stock has a market cap of $49.95 million, a P/E ratio of -22.63 and a beta of 1.40. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.05. The firm has a 50 day moving average of $1.37 and a two-hundred day moving average of $1.35. Usio has a 1-year low of $1.03 and a 1-year high of $2.02.

Usio (NASDAQ:USIO) last released its quarterly earnings data on Wednesday, May 13th. The company reported $0.00 EPS for the quarter, topping 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 the consensus estimate of $23.20 million. On average, research analysts anticipate that Usio will post -0.01 EPS for the current year.

Usio Company Profile

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.