Riskified Ltd. (NYSE:RSKD) Short Interest Update

Riskified Ltd. (NYSE:RSKD) was the recipient of a significant growth in short interest in the month of 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. Based on an average daily volume of 678,507 shares, the short-interest ratio is presently 1.9 days. Currently, 1.0% of the company’s stock are sold short. Currently, 1.0% of the company’s stock are sold short. Based on an average daily volume of 678,507 shares, the short-interest ratio is presently 1.9 days.

Riskified Price Performance

Shares of RSKD stock traded up $0.10 on Tuesday, hitting $4.72. The stock had a trading volume of 297,886 shares, compared to its average volume of 565,925. The business has a 50 day moving average of $4.62 and a 200 day moving average of $4.70. Riskified has a 12-month low of $3.94 and a 12-month high of $5.68. The stock has a market cap of $760.10 million, a price-to-earnings ratio of -20.37 and a beta of 1.34.

Hedge Funds Weigh In On Riskified

Hedge funds and other institutional investors have recently modified their holdings of the business. Millennium Management LLC increased its position in shares of Riskified by 335.3% during the fourth quarter. Millennium Management LLC now owns 795,441 shares of the company’s stock valued at $3,953,000 after acquiring an additional 612,719 shares during the last quarter. Clearline Capital LP boosted its position in Riskified by 23.8% in the third quarter. Clearline Capital LP now owns 3,106,045 shares of the company’s stock worth $14,536,000 after purchasing an additional 597,765 shares during the last quarter. Harvey Partners LLC grew its stake in Riskified by 20.4% in the 3rd quarter. Harvey Partners LLC now owns 3,093,000 shares of the company’s stock valued at $14,475,000 after purchasing an additional 523,855 shares during the period. Anson Funds Management LP increased its position in shares of Riskified by 136.0% during the 4th quarter. Anson Funds Management LP now owns 633,746 shares of the company’s stock valued at $3,150,000 after purchasing an additional 365,254 shares during the last quarter. Finally, TFJ Management LLC raised its stake in shares of Riskified by 31.7% during the 3rd quarter. TFJ Management LLC now owns 1,394,074 shares of the company’s stock worth $6,524,000 after purchasing an additional 335,399 shares during the period. Hedge funds and other institutional investors own 58.98% of the company’s stock.

Analyst Ratings Changes

RSKD has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Riskified in a research report on Monday, December 29th. Wall Street Zen raised Riskified from a “hold” rating to a “buy” rating in a research report on Sunday, November 16th. JPMorgan Chase & Co. upgraded Riskified from an “underweight” rating to a “neutral” rating and set a $6.00 target price on the stock in a report on Friday, November 14th. DA Davidson reissued a “buy” rating and issued a $6.00 price target on shares of Riskified in a research report on Thursday, November 13th. Finally, UBS Group upped their price objective 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 assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $5.89.

About Riskified

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.