Ryvyl Inc. (NASDAQ:RVYL) Sees Significant Growth in Short Interest

Ryvyl Inc. (NASDAQ:RVYL) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totalling 227,300 shares, a growth of 34.5% from the August 15th total of 169,000 shares. Based on an average daily volume of 59,200 shares, the short-interest ratio is currently 3.8 days. Approximately 5.1% of the company’s stock are sold short.

Ryvyl Stock Up 21.5 %

NASDAQ:RVYL traded up $0.23 during trading hours on Monday, reaching $1.30. The company’s stock had a trading volume of 148,948 shares, compared to its average volume of 62,252. The company has a market cap of $8.41 million, a price-to-earnings ratio of -0.15 and a beta of 4.30. Ryvyl has a one year low of $0.89 and a one year high of $5.48. The business’s 50-day moving average is $1.50 and its 200-day moving average is $1.92. The company has a debt-to-equity ratio of 2.02, a current ratio of 1.00 and a quick ratio of 1.00.

Ryvyl (NASDAQ:RVYL) last issued its quarterly earnings data on Tuesday, August 13th. The company reported ($0.64) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.96) by $0.32. The firm had revenue of $11.90 million during the quarter, compared to analysts’ expectations of $12.80 million. Ryvyl had a negative net margin of 70.05% and a negative return on equity of 235.63%. Equities research analysts predict that Ryvyl will post -1.53 EPS for the current year.

Institutional Investors Weigh In On Ryvyl

Hedge funds have recently bought and sold shares of the company. Cross Staff Investments Inc bought a new stake in Ryvyl during the first quarter valued at about $100,000. Renaissance Technologies LLC bought a new stake in Ryvyl during the second quarter valued at about $60,000. Finally, CVI Holdings LLC boosted its holdings in Ryvyl by 752.7% during the second quarter. CVI Holdings LLC now owns 106,379 shares of the company’s stock valued at $154,000 after acquiring an additional 93,904 shares during the period. 17.37% of the stock is currently owned by institutional investors.

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.