Paysafe Limited (NYSE:PSFE) Sees Significant Increase in Short Interest

Paysafe Limited (NYSE:PSFE) was the target of a large growth in short interest in March. As of March 15th, there was short interest totalling 1,540,000 shares, a growth of 26.2% from the February 28th total of 1,220,000 shares. Approximately 5.0% of the company’s shares are short sold. Based on an average daily volume of 376,400 shares, the short-interest ratio is presently 4.1 days.

Paysafe Stock Up 1.9 %

Paysafe stock traded up $0.30 during midday trading on Wednesday, hitting $16.42. 259,595 shares of the company were exchanged, compared to its average volume of 323,072. The company has a market cap of $997.89 million, a PE ratio of -43.21, a price-to-earnings-growth ratio of 0.48 and a beta of 1.87. Paysafe has a fifty-two week low of $14.06 and a fifty-two week high of $26.25. The company’s fifty day moving average price is $18.24 and its 200-day moving average price is $19.39. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.14 and a quick ratio of 1.14.

Paysafe (NYSE:PSFE) last posted its earnings results on Thursday, March 6th. The company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.17). The firm had revenue of $420.07 million for the quarter, compared to analyst estimates of $437.40 million. Paysafe had a positive return on equity of 12.92% and a negative net margin of 1.38%. On average, research analysts predict that Paysafe will post 1.87 EPS for the current fiscal year.

Institutional Trading of Paysafe

Several large investors have recently modified their holdings of PSFE. Topline Capital Management LLC acquired a new position in shares of Paysafe in the fourth quarter worth about $34,481,000. Private Management Group Inc. acquired a new position in shares of Paysafe in the 4th quarter valued at approximately $8,489,000. Raymond James Financial Inc. purchased a new position in shares of Paysafe during the 4th quarter valued at approximately $1,944,000. ExodusPoint Capital Management LP acquired a new stake in shares of Paysafe during the fourth quarter worth approximately $1,792,000. Finally, Gabelli Funds LLC grew its position in shares of Paysafe by 64.1% during the fourth quarter. Gabelli Funds LLC now owns 266,713 shares of the company’s stock worth $4,561,000 after buying an additional 104,213 shares in the last quarter. 54.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PSFE has been the subject of a number of research analyst reports. Bank of America dropped their target price on shares of Paysafe from $18.00 to $16.00 and set an “underperform” rating for the company in a research report on Monday, March 10th. UBS Group raised their target price on shares of Paysafe from $17.00 to $17.50 and gave the company a “sell” rating in a research note on Wednesday, February 12th. Finally, Susquehanna reduced their target price on shares of Paysafe from $21.00 to $17.00 and set a “neutral” rating on the stock in a report on Wednesday, March 5th.

Paysafe Company Profile

Paysafe Limited provides end-to-end payment solutions in the United States, Germany, the United Kingdom, and internationally. Its payments platform offers a range of payment solutions comprising credit and debit card processing, digital wallet, eCash, and real-time banking solutions for entertainment verticals, such as iGaming, including online betting related to sports, e-sports, fantasy sports, poker, and other casino games, as well as travel, streaming/video gaming, retail/hospitality, and digital assets.