Short Interest in Pagaya Technologies Ltd. (NASDAQ:PGYWW) Drops By 14.3%

Pagaya Technologies Ltd. (NASDAQ:PGYWW) saw a significant decrease in short interest during the month of March. As of March 13th, there was short interest totaling 50,213 shares, a decrease of 14.3% from the February 26th total of 58,604 shares. Based on an average daily volume of 117,939 shares, the short-interest ratio is presently 0.4 days.

Pagaya Technologies Trading Down 4.0%

Shares of PGYWW stock traded down $0.00 during mid-day trading on Tuesday, reaching $0.04. The stock had a trading volume of 425,719 shares, compared to its average volume of 93,699. Pagaya Technologies has a 12-month low of $0.03 and a 12-month high of $0.72. The business has a 50-day simple moving average of $0.17 and a 200 day simple moving average of $0.34.

About Pagaya Technologies

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.