Ryvyl Inc. (NASDAQ:RVYL) Short Interest Update
by Teresa Graham · The Cerbat GemRyvyl Inc. (NASDAQ:RVYL – Get Free Report) saw a large increase in short interest during the month of March. As of March 31st, there was short interest totaling 101,567 shares, an increase of 122.1% from the March 15th total of 45,731 shares. Based on an average daily volume of 89,188 shares, the days-to-cover ratio is currently 1.1 days. Currently, 9.2% of the shares of the stock are sold short.
Ryvyl Trading Down 5.9%
RVYL traded down $0.33 on Friday, hitting $5.26. 20,305 shares of the company’s stock were exchanged, compared to its average volume of 80,577. The firm has a 50-day moving average price of $5.67 and a 200-day moving average price of $8.28. The stock has a market cap of $6.68 million, a price-to-earnings ratio of -0.14 and a beta of 2.61. Ryvyl has a fifty-two week low of $4.14 and a fifty-two week high of $81.55.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the company. NewEdge Advisors LLC boosted its position in shares of Ryvyl by 403,087.9% during the 4th quarter. NewEdge Advisors LLC now owns 701,547 shares of the company’s stock valued at $114,000 after acquiring an additional 701,373 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Ryvyl by 9.4% during the 4th quarter. Geode Capital Management LLC now owns 225,905 shares of the company’s stock valued at $40,000 after acquiring an additional 19,439 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Ryvyl during the 4th quarter valued at about $28,000. Finally, HRT Financial LP acquired a new position in shares of Ryvyl during the 4th quarter valued at about $25,000. Institutional investors and hedge funds own 17.37% of the company’s stock.
Analyst Ratings Changes
RVYL has been the topic of several recent research reports. Wall Street Zen raised shares of Ryvyl to a “sell” rating in a research note on Saturday, January 3rd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Ryvyl in a research note on Thursday, January 22nd. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce”.
View Our Latest Report on Ryvyl
About Ryvyl
Ryvyl Inc, a technology company, engages in the development, marketing, and sale of blockchain-based payment solutions in North America, Europe, and Asia. The company's blockchain-based systems facilitate, record, and store a volume of tokenized assets representing cash or data on a blockchain-based ledger. Its products include QuickCard Payment System, a physical and virtual payment card processing management system, including software that facilitates on and off ramp e-wallet management; Coyni, a digital token platform, which offers custodial assurance by utilizing its stable coin and blockchain technology in a closed-loop ecosystem; and ChargeSavvy, an end-to-end POS solution comprising software and hardware for the restaurant and hospitality industry.