Ryvyl Inc. (NASDAQ:RVYL) Short Interest Down 42.9% in December

Ryvyl Inc. (NASDAQ:RVYL) was the recipient of a large drop in short interest in the month of December. As of December 31st, there was short interest totaling 919,230 shares, a drop of 42.9% from the December 15th total of 1,609,661 shares. Based on an average trading volume of 1,830,786 shares, the days-to-cover ratio is presently 0.5 days. Currently, 101.7% of the shares of the stock are sold short. Currently, 101.7% of the shares of the stock are sold short. Based on an average trading volume of 1,830,786 shares, the days-to-cover ratio is presently 0.5 days.

Analyst Ratings Changes

Several brokerages have recently weighed in on RVYL. Weiss Ratings restated a “sell (e+)” rating on shares of Ryvyl in a report on Wednesday, October 8th. HC Wainwright reaffirmed a “neutral” rating on shares of Ryvyl in a research note on Monday, October 6th. Finally, Wall Street Zen raised shares of Ryvyl to a “sell” rating in a research report on Saturday, January 3rd. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Reduce”.

Ryvyl Stock Performance

NASDAQ RVYL opened at $5.00 on Thursday. The stock has a market capitalization of $5.14 million, a PE ratio of -0.14 and a beta of 2.87. Ryvyl has a twelve month low of $4.50 and a twelve month high of $81.55. The stock has a 50-day simple moving average of $9.00 and a 200 day simple moving average of $11.51.

Ryvyl (NASDAQ:RVYL) last issued its quarterly earnings results on Friday, November 14th. The company reported ($2.45) earnings per share (EPS) for the quarter, topping the consensus estimate of ($4.55) by $2.10. The company had revenue of $2.79 million for the quarter, compared to analyst estimates of $3.00 million. As a group, equities research analysts forecast that Ryvyl will post -2.31 EPS for the current fiscal year.

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.