Riskified Ltd. (NYSE:RSKD) Short Interest Up 47.1% in February

Riskified Ltd. (NYSE:RSKD) was the target of a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 1,302,141 shares, an increase of 47.1% from the January 29th total of 885,163 shares. Based on an average trading volume of 678,507 shares, the days-to-cover ratio is presently 1.9 days. Currently, 1.0% of the shares of the company are short sold. Currently, 1.0% of the shares of the company are short sold. Based on an average trading volume of 678,507 shares, the days-to-cover ratio is presently 1.9 days.

Institutional Trading of Riskified

A number of institutional investors have recently bought and sold shares of RSKD. Public Employees Retirement System of Ohio increased its position in shares of Riskified by 1.0% in the 4th quarter. Public Employees Retirement System of Ohio now owns 302,262 shares of the company’s stock valued at $1,502,000 after buying an additional 2,900 shares in the last quarter. FNY Investment Advisers LLC increased its holdings in Riskified by 24.8% during the third quarter. FNY Investment Advisers LLC now owns 15,110 shares of the company’s stock worth $70,000 after buying an additional 3,000 shares during the last quarter. ARK Investment Management LLC raised its holdings in shares of Riskified by 1.2% in the 3rd quarter. ARK Investment Management LLC now owns 368,310 shares of the company’s stock valued at $1,724,000 after purchasing an additional 4,248 shares during the period. California State Teachers Retirement System lifted its position in shares of Riskified by 5.5% in the second quarter. California State Teachers Retirement System now owns 93,086 shares of the company’s stock valued at $464,000 after buying an additional 4,826 shares during the last quarter. Finally, Swiss National Bank raised its position in shares of Riskified by 3.1% in the fourth quarter. Swiss National Bank now owns 167,513 shares of the company’s stock valued at $833,000 after purchasing an additional 5,000 shares during the period. Institutional investors and hedge funds own 58.98% of the company’s stock.

Riskified Price Performance

Shares of NYSE RSKD traded down $0.11 during trading hours on Friday, hitting $4.46. 880,055 shares of the company’s stock were exchanged, compared to its average volume of 609,408. The company’s 50-day moving average price is $4.62 and its 200-day moving average price is $4.71. The stock has a market capitalization of $718.19 million, a price-to-earnings ratio of -19.37 and a beta of 1.34. Riskified has a 1-year low of $3.94 and a 1-year high of $5.68.

Wall Street Analysts Forecast Growth

RSKD has been the topic of a number of recent research reports. DA Davidson restated a “buy” rating and issued a $6.00 target price on shares of Riskified in a report on Thursday, November 13th. JPMorgan Chase & Co. raised shares of Riskified from an “underweight” rating to a “neutral” rating and set a $6.00 price objective for the company in a research report on Friday, November 14th. UBS Group upped their target price on shares of Riskified from $5.00 to $5.50 and gave the company a “neutral” rating in a research note on Thursday, November 13th. Wall Street Zen upgraded shares of Riskified from a “hold” rating to a “buy” rating in a research note on Sunday, November 16th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Riskified in a research report on Monday, December 29th. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $5.89.

Riskified Company Profile

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.