Short Interest in Pagaya Technologies Ltd. (NASDAQ:PGYWW) Declines By 14.7%

Pagaya Technologies Ltd. (NASDAQ:PGYWW) was the target of a large decrease in short interest in February. As of February 27th, there was short interest totaling 58,604 shares, a decrease of 14.7% from the February 12th total of 68,677 shares. Based on an average trading volume of 29,182 shares, the days-to-cover ratio is currently 2.0 days. Based on an average trading volume of 29,182 shares, the days-to-cover ratio is currently 2.0 days.

Pagaya Technologies Stock Performance

Shares of Pagaya Technologies stock opened at $0.08 on Monday. Pagaya Technologies has a twelve month low of $0.05 and a twelve month high of $0.72. The business has a 50-day moving average price of $0.23 and a 200 day moving average price of $0.38.

Pagaya Technologies Company Profile

Pagaya Technologies is a financial technology company that leverages artificial intelligence and machine learning to transform credit and asset management. By ingesting vast amounts of structured and alternative data, Pagaya’s platform is designed to assess credit risk more accurately than traditional underwriting methods. The company uses proprietary algorithms to analyze patterns in borrower behavior and market dynamics, enabling its clients to make data-driven decisions across consumer, small-business and other lending verticals.

Pagaya offers its services through a cloud-based asset management platform that supports the full credit lifecycle, from loan origination and risk assessment to portfolio selection and securitization.