Short Interest in Usio (NASDAQ:USIO) Increases By 44.6%

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Usio (NASDAQ:USIO) was the recipient of a significant increase in short interest in the month of July. As of July 31st, there was short interest totalling 12,000 shares, an increase of 44.6% from the July 15th total of 8,300 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 89,000 shares, the short-interest ratio is presently 0.1 days.

Shares of USIO stock traded up $0.10 during midday trading on Friday, reaching $2.51. 78,300 shares of the company traded hands, compared to its average volume of 135,247. The firm’s 50 day simple moving average is $2.37 and its two-hundred day simple moving average is $1.83. Usio has a 1-year low of $0.75 and a 1-year high of $3.72. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.01 and a quick ratio of 1.03. The firm has a market cap of $51.52 million, a PE ratio of -6.78 and a beta of 1.56.

Usio (NASDAQ:USIO) last posted its quarterly earnings results on Friday, August 14th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.09) by ($0.01). Usio had a negative net margin of 16.75% and a negative return on equity of 66.62%. The company had revenue of $6.96 million for the quarter, compared to analyst estimates of $6.44 million. As a group, research analysts anticipate that Usio will post -0.34 earnings per share for the current fiscal year.

A number of equities research analysts recently commented on USIO shares. LADENBURG THALM/SH SH restated a “buy” rating and issued a $4.50 price objective on shares of Usio in a research report on Friday, May 22nd. Barrington Research started coverage on shares of Usio in a research report on Monday. They issued a “buy” rating and a $5.00 price objective for the company. Maxim Group restated a “buy” rating and issued a $4.00 price objective on shares of Usio in a research report on Wednesday. Alliance Global Partners downgraded shares of Usio from a “buy” rating to a “neutral” rating in a research report on Monday, August 3rd. Finally, Zacks Investment Research downgraded shares of Usio from a “hold” rating to a “sell” rating in a research report on Saturday, July 4th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $3.81.

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 processing services include Represented Check, a consumer non-sufficient funds check that is represented for payment electronically rather than through the paper check collection system; and Accounts Receivable Check Conversion, a consumer paper check payment, which is converted into an e-check.

Further Reading: How is the discount rate different from the Federal Funds rate?

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