Ryvyl Inc. (NASDAQ:RVYL) Short Interest Update

Ryvyl Inc. (NASDAQ:RVYL) was the target of a large decline in short interest in the month of 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. Based on an average trading volume of 11,815 shares, the short-interest ratio is presently 6.6 days. Approximately 7.0% of the shares of the company are short sold. Approximately 7.0% of the shares of the company are short sold. Based on an average trading volume of 11,815 shares, the short-interest ratio is presently 6.6 days.

Ryvyl Stock Performance

NASDAQ RVYL traded down $0.08 during trading hours on Friday, hitting $5.52. The company had a trading volume of 4,052 shares, compared to its average volume of 13,604. Ryvyl has a 52 week low of $4.50 and a 52 week high of $81.55. The firm has a 50 day simple moving average of $5.73 and a 200 day simple moving average of $8.97. The firm has a market capitalization of $7.01 million, a price-to-earnings ratio of -0.15 and a beta of 2.69.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on RVYL shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Ryvyl in a research report on Thursday, January 22nd. Wall Street Zen raised shares of Ryvyl to a “sell” rating in a 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’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce”.

Hedge Funds Weigh In On Ryvyl

Several hedge funds have recently bought and sold shares of RVYL. HRT Financial LP purchased a new stake in Ryvyl in the 4th quarter worth approximately $25,000. Jane Street Group LLC purchased a new position in shares of Ryvyl during the 4th quarter valued at $28,000. Geode Capital Management LLC grew 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 purchasing an additional 19,439 shares in the last quarter. Finally, NewEdge Advisors LLC increased its holdings in shares of Ryvyl by 403,087.9% in the fourth quarter. NewEdge Advisors LLC now owns 701,547 shares of the company’s stock worth $114,000 after purchasing an additional 701,373 shares during the period. Hedge funds and other 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.