Short Interest in Ryvyl Inc. (NASDAQ:RVYL) Increases By 27.1%

Ryvyl Inc. (NASDAQ:RVYL) was the recipient of a significant growth in short interest in February. As of February 28th, there was short interest totalling 199,400 shares, a growth of 27.1% from the February 13th total of 156,900 shares. Approximately 3.2% of the company’s stock are short sold. Based on an average trading volume of 104,600 shares, the days-to-cover ratio is currently 1.9 days.

Institutional Trading of Ryvyl

A hedge fund recently bought a new stake in Ryvyl stock. Mariner LLC bought a new position in Ryvyl Inc. (NASDAQ:RVYL) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 77,782 shares of the company’s stock, valued at approximately $101,000. Mariner LLC owned approximately 1.05% of Ryvyl as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 17.37% of the company’s stock.

Ryvyl Stock Performance

RVYL stock opened at $0.98 on Wednesday. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.96 and a quick ratio of 0.96. The business has a 50-day moving average price of $1.14 and a 200 day moving average price of $1.36. The company has a market capitalization of $8.18 million, a P/E ratio of -0.11 and a beta of 4.40. Ryvyl has a 1-year low of $0.69 and a 1-year high of $4.10.

Analyst Upgrades and Downgrades

Separately, HC Wainwright restated a “neutral” rating on shares of Ryvyl in a report on Wednesday, February 26th.

About Ryvyl

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.