Ryvyl Inc. (NASDAQ:RVYL) Sees Significant Drop in Short Interest

Ryvyl Inc. (NASDAQ:RVYL) saw a large decline in short interest in February. As of February 27th, there was short interest totaling 77,516 shares, a decline of 25.1% from the February 12th total of 103,555 shares. Approximately 7.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 11,815 shares, the days-to-cover ratio is presently 6.6 days. Based on an average daily trading volume, of 11,815 shares, the days-to-cover ratio is presently 6.6 days. Approximately 7.0% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on RVYL. Weiss Ratings reissued a “sell (e+)” rating on shares of Ryvyl in a research note on Thursday, January 22nd. Wall Street Zen raised Ryvyl to a “sell” rating in a report on Saturday, January 3rd. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Ryvyl presently has an average rating of “Reduce”.

Ryvyl Price Performance

RVYL stock traded up $0.20 during trading on Monday, reaching $5.72. 3,956 shares of the company were exchanged, compared to its average volume of 358,394. The company has a market capitalization of $7.26 million, a price-to-earnings ratio of -0.16 and a beta of 2.69. The company has a 50-day moving average of $5.73 and a two-hundred day moving average of $8.95. Ryvyl has a twelve month low of $4.50 and a twelve month high of $81.55.

Institutional Investors Weigh In On Ryvyl

Hedge funds and other institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC raised its position in Ryvyl by 9.4% in the fourth quarter. Geode Capital Management LLC now owns 225,905 shares of the company’s stock valued at $40,000 after purchasing an additional 19,439 shares during the last quarter. HRT Financial LP acquired a new position in shares of Ryvyl in the fourth quarter valued at approximately $25,000. Jane Street Group LLC bought a new position in Ryvyl in the 4th quarter valued at approximately $28,000. Finally, NewEdge Advisors LLC boosted its position in Ryvyl by 403,087.9% during the 4th quarter. NewEdge Advisors LLC now owns 701,547 shares of the company’s stock worth $114,000 after buying an additional 701,373 shares during the period. Institutional investors own 17.37% of the company’s stock.

About Ryvyl

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.