Ryvyl Inc. (NASDAQ:RVYL) Short Interest Update

Ryvyl Inc. (NASDAQ:RVYL) saw a significant drop in short interest during the month of March. As of March 13th, there was short interest totaling 45,731 shares, a drop of 41.0% from the February 26th total of 77,516 shares. Currently, 4.1% of the shares of the company are sold short. Based on an average trading volume of 13,892 shares, the days-to-cover ratio is currently 3.3 days.

Wall Street Analyst Weigh In

RVYL has been the topic of several research analyst reports. Wall Street Zen raised Ryvyl to a “sell” rating in a research report on Saturday, January 3rd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Ryvyl in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce”.

Ryvyl Stock Down 10.5%

RVYL opened at $5.35 on Friday. The stock has a market cap of $6.79 million, a price-to-earnings ratio of -0.15 and a beta of 2.69. Ryvyl has a twelve month low of $4.50 and a twelve month high of $81.55. The company’s 50-day moving average price is $5.77 and its two-hundred day moving average price is $8.67.

Institutional Investors Weigh In On Ryvyl

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

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.