Ryvyl Inc. (NASDAQ:RVYL) Short Interest Down 23.0% in March

Ryvyl Inc. (NASDAQ:RVYL) saw a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 153,600 shares, a decline of 23.0% from the February 28th total of 199,400 shares. Based on an average trading volume of 90,800 shares, the days-to-cover ratio is currently 1.7 days. Approximately 2.5% of the company’s stock are sold short.

Ryvyl Stock Performance

NASDAQ:RVYL opened at $1.03 on Monday. The business’s fifty day moving average price is $1.10 and its 200 day moving average price is $1.36. The firm has a market capitalization of $8.60 million, a PE ratio of -0.12 and a beta of 4.40. Ryvyl has a 12 month low of $0.69 and a 12 month high of $2.99. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.96 and a quick ratio of 0.96.

Analysts Set New Price Targets

Separately, HC Wainwright reissued a “neutral” rating on shares of Ryvyl in a research report on Wednesday, February 26th.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Ryvyl stock. Heights Capital Management Inc. grew its position in shares of Ryvyl Inc. (NASDAQ:RVYL) by 341.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 120,026 shares of the company’s stock after purchasing an additional 92,841 shares during the quarter. Heights Capital Management Inc. owned approximately 1.62% of Ryvyl worth $156,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 17.37% of the company’s stock.

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.