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

Usio Inc (NASDAQ:USIO) was the recipient of a significant decline in short interest in 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 daily trading volume, of 124,638 shares, the short-interest ratio is presently 0.2 days.

Usio Stock Performance

NASDAQ:USIO opened at $1.71 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a 50-day moving average of $1.36 and a two-hundred day moving average of $1.35. The stock has a market cap of $47.20 million, a P/E ratio of -21.38 and a beta of 1.40. Usio has a 1-year low of $1.03 and a 1-year high of $2.02.

Usio (NASDAQ:USIO) last posted its quarterly earnings data on Wednesday, May 13th. The company reported $0.00 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.01. The company had revenue of $25.47 million during the quarter, compared to analysts’ expectations of $23.20 million. Usio had a negative net margin of 2.43% and a negative return on equity of 11.73%. On average, research analysts expect that Usio will post -0.01 earnings per share for the current fiscal year.

Institutional Trading of Usio

A number of hedge funds and other institutional investors have recently made changes to their positions in USIO. Osaic Holdings Inc. increased its stake in shares of Usio by 246.1% in the second quarter. Osaic Holdings Inc. now owns 28,353 shares of the company’s stock worth $43,000 after buying an additional 20,161 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Usio by 34.6% in the first quarter. Goldman Sachs Group Inc. now owns 59,692 shares of the company’s stock worth $87,000 after buying an additional 15,334 shares during the last quarter. Citadel Advisors LLC increased its stake in shares of Usio by 103.7% in the third quarter. Citadel Advisors LLC now owns 78,493 shares of the company’s stock worth $111,000 after buying an additional 39,959 shares during the last quarter. Scoggin Management LP bought a new stake in shares of Usio in the third quarter worth $114,000. Finally, GSA Capital Partners LLP increased its stake in shares of Usio by 39.8% in the third quarter. GSA Capital Partners LLP now owns 90,301 shares of the company’s stock worth $128,000 after buying an additional 25,696 shares during the last quarter. Institutional investors own 20.23% of the company’s stock.

Analyst Upgrades and Downgrades

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

About Usio

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.