Ryvyl Inc. (NASDAQ:RVYL) Short Interest Update

Ryvyl Inc. (NASDAQ:RVYL) was the recipient of a significant decrease in short interest in the month of February. As of February 13th, there was short interest totaling 103,555 shares, a decrease of 27.8% from the January 29th total of 143,484 shares. Based on an average daily trading volume, of 37,805 shares, the days-to-cover ratio is currently 2.7 days. Currently, 9.3% of the company’s shares are sold short. Currently, 9.3% of the company’s shares are sold short. Based on an average daily trading volume, of 37,805 shares, the days-to-cover ratio is currently 2.7 days.

Ryvyl Stock Down 3.8%

Shares of NASDAQ:RVYL opened at $5.88 on Friday. The business’s 50 day moving average is $5.87 and its 200 day moving average is $9.34. The stock has a market cap of $7.47 million, a P/E ratio of -0.16 and a beta of 2.86. Ryvyl has a 52-week low of $4.50 and a 52-week high of $81.55.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Wall Street Zen upgraded Ryvyl to a “sell” rating in a research note on Saturday, January 3rd. Weiss Ratings restated a “sell (e+)” rating on shares of Ryvyl in a report on Thursday, January 22nd. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Reduce”.

Institutional Trading of Ryvyl

Several institutional investors and hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC lifted its stake in Ryvyl by 9.4% in the fourth quarter. Geode Capital Management LLC now owns 225,905 shares of the company’s stock worth $40,000 after acquiring an additional 19,439 shares during the period. HRT Financial LP bought a new stake in shares of Ryvyl in the 4th quarter valued at about $25,000. Jane Street Group LLC purchased a new stake in shares of Ryvyl in the 4th quarter worth approximately $28,000. Finally, NewEdge Advisors LLC lifted its position in shares of Ryvyl by 403,087.9% in the 4th quarter. NewEdge Advisors LLC now owns 701,547 shares of the company’s stock worth $114,000 after purchasing an additional 701,373 shares during the period. 17.37% of the stock is currently owned by institutional investors.

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. 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.