Pagaya Technologies Ltd. (NASDAQ:PGYWW) Short Interest Update

Pagaya Technologies Ltd. (NASDAQ:PGYWW) was the recipient of a significant drop in short interest in February. As of February 27th, there was short interest totaling 58,604 shares, a drop of 14.7% from the February 12th total of 68,677 shares. Based on an average daily trading volume, of 29,182 shares, the days-to-cover ratio is presently 2.0 days. Based on an average daily trading volume, of 29,182 shares, the days-to-cover ratio is presently 2.0 days.

Pagaya Technologies Trading Up 9.7%

NASDAQ:PGYWW opened at $0.08 on Monday. The company’s 50-day moving average is $0.23 and its two-hundred day moving average is $0.38. Pagaya Technologies has a 1-year low of $0.05 and a 1-year high of $0.72.

Pagaya Technologies Company Profile

Pagaya Technologies is a financial technology company that leverages artificial intelligence and machine learning to transform credit and asset management. By ingesting vast amounts of structured and alternative data, Pagaya’s platform is designed to assess credit risk more accurately than traditional underwriting methods. The company uses proprietary algorithms to analyze patterns in borrower behavior and market dynamics, enabling its clients to make data-driven decisions across consumer, small-business and other lending verticals.

Pagaya offers its services through a cloud-based asset management platform that supports the full credit lifecycle, from loan origination and risk assessment to portfolio selection and securitization.