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

Ryvyl Inc. (NASDAQ:RVYLGet Free Report) 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:RVYLFree Report) 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.

Read Our Latest Report on RVYL

About Ryvyl

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Ryvyl Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ryvyl and related companies with MarketBeat.com's FREE daily email newsletter.