Ryvyl Inc. (NASDAQ:RVYL – Get Free Report) was the target of a significant growth in short interest in February. As of February 28th, there was short interest totalling 199,400 shares, a growth of 27.1% from the February 13th total of 156,900 shares. Currently, 3.2% of the shares of the stock are short sold. Based on an average trading volume of 104,600 shares, the days-to-cover ratio is currently 1.9 days.
Ryvyl Price Performance
Shares of NASDAQ:RVYL traded up $0.00 on Monday, hitting $0.97. The company had a trading volume of 9,547 shares, compared to its average volume of 94,401. The business has a 50 day moving average of $1.17 and a 200 day moving average of $1.36. Ryvyl has a 52-week low of $0.69 and a 52-week high of $4.10. The company has a market cap of $8.06 million, a PE ratio of -0.11 and a beta of 4.40. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 2.80.
Analysts Set New Price Targets
Separately, HC Wainwright restated a “neutral” rating on shares of Ryvyl in a research report on Wednesday, February 26th.
Hedge Funds Weigh In On Ryvyl
A hedge fund recently raised its stake in Ryvyl stock. Heights Capital Management Inc. increased its stake in Ryvyl Inc. (NASDAQ:RVYL – Free Report) by 341.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 120,026 shares of the company’s stock after buying an additional 92,841 shares during the quarter. Heights Capital Management Inc. owned about 1.62% of Ryvyl worth $156,000 as of its most recent filing with the SEC. 17.37% of the stock is currently owned by institutional investors and hedge funds.
Ryvyl Company Profile
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.
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