Riskified Ltd. (NYSE:RSKD) Short Interest Up 47.1% in February

Riskified Ltd. (NYSE:RSKD) was the target of a significant growth in short interest in February. As of February 13th, there was short interest totaling 1,302,141 shares, a growth of 47.1% from the January 29th total of 885,163 shares. Approximately 1.0% of the shares of the stock are sold short. Based on an average trading volume of 678,507 shares, the short-interest ratio is currently 1.9 days. Based on an average trading volume of 678,507 shares, the short-interest ratio is currently 1.9 days. Approximately 1.0% of the shares of the stock are sold short.

Institutional Trading of Riskified

Institutional investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio grew its holdings in shares of Riskified by 1.0% in the fourth quarter. Public Employees Retirement System of Ohio now owns 302,262 shares of the company’s stock worth $1,502,000 after acquiring an additional 2,900 shares during the period. FNY Investment Advisers LLC boosted its stake in Riskified by 24.8% during the third quarter. FNY Investment Advisers LLC now owns 15,110 shares of the company’s stock valued at $70,000 after buying an additional 3,000 shares during the last quarter. ARK Investment Management LLC grew its holdings in shares of Riskified by 1.2% in the third quarter. ARK Investment Management LLC now owns 368,310 shares of the company’s stock valued at $1,724,000 after purchasing an additional 4,248 shares in the last quarter. California State Teachers Retirement System grew its position in Riskified by 5.5% in the second quarter. California State Teachers Retirement System now owns 93,086 shares of the company’s stock worth $464,000 after acquiring an additional 4,826 shares in the last quarter. Finally, Swiss National Bank increased its position in shares of Riskified by 3.1% during the 4th quarter. Swiss National Bank now owns 167,513 shares of the company’s stock valued at $833,000 after purchasing an additional 5,000 shares during the last quarter. 58.98% of the stock is currently owned by hedge funds and other institutional investors.

Riskified Trading Down 2.3%

NYSE:RSKD traded down $0.11 during trading hours on Friday, hitting $4.46. 880,055 shares of the company were exchanged, compared to its average volume of 609,408. The company has a fifty day simple moving average of $4.62 and a 200 day simple moving average of $4.71. The stock has a market capitalization of $718.19 million, a price-to-earnings ratio of -19.37 and a beta of 1.34. Riskified has a one year low of $3.94 and a one year high of $5.68.

Analyst Upgrades and Downgrades

RSKD has been the topic of several analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Riskified in a report on Monday, December 29th. DA Davidson reaffirmed a “buy” rating and issued a $6.00 price objective on shares of Riskified in a research note on Thursday, November 13th. JPMorgan Chase & Co. upgraded Riskified from an “underweight” rating to a “neutral” rating and set a $6.00 target price for the company in a research report on Friday, November 14th. Wall Street Zen raised Riskified from a “hold” rating to a “buy” rating in a research note on Sunday, November 16th. Finally, UBS Group raised their target price on shares of Riskified from $5.00 to $5.50 and gave the stock a “neutral” rating in a report on Thursday, November 13th. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $5.89.

Riskified Company Profile

Riskified is a technology company specializing in e-commerce fraud prevention and revenue optimization for online merchants. Its platform combines machine learning, behavioral analytics and proprietary risk models to assess the legitimacy of transactions in real time. By offering a chargeback guarantee, Riskified assumes the financial liability for approved orders that later turn out to be fraudulent, allowing retailers to focus on growth rather than dispute management.

The company’s core product suite addresses various aspects of the online shopping lifecycle, including order approval, account takeover protection and policy compliance.