Ryvyl Inc. (NASDAQ:RVYL) Sees Significant Decrease in Short Interest

Ryvyl Inc. (NASDAQ:RVYL) was the target of a large decline in short interest in February. As of February 13th, there was short interest totaling 103,555 shares, a decline of 27.8% from the January 29th total of 143,484 shares. Approximately 9.3% of the shares of the stock are sold short. Based on an average daily volume of 37,805 shares, the days-to-cover ratio is presently 2.7 days. Based on an average daily volume of 37,805 shares, the days-to-cover ratio is presently 2.7 days. Approximately 9.3% of the shares of the stock are sold short.

Ryvyl Trading Down 3.8%

Shares of NASDAQ RVYL opened at $5.88 on Friday. Ryvyl has a 12-month low of $4.50 and a 12-month high of $81.55. The firm’s 50-day moving average price is $5.87 and its 200-day moving average price is $9.34. The stock has a market capitalization of $7.47 million, a price-to-earnings ratio of -0.16 and a beta of 2.86.

Institutional Investors Weigh In On Ryvyl

Several institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC increased its position in shares of Ryvyl by 9.4% during the 4th quarter. Geode Capital Management LLC now owns 225,905 shares of the company’s stock valued at $40,000 after purchasing an additional 19,439 shares during the last quarter. HRT Financial LP bought a new position in Ryvyl during the 4th quarter valued at about $25,000. Jane Street Group LLC purchased a new stake in Ryvyl in the 4th quarter worth about $28,000. Finally, NewEdge Advisors LLC lifted its stake in Ryvyl by 403,087.9% in the fourth quarter. NewEdge Advisors LLC now owns 701,547 shares of the company’s stock worth $114,000 after purchasing an additional 701,373 shares during the last quarter. 17.37% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on RVYL shares. Weiss Ratings restated a “sell (e+)” rating on shares of Ryvyl in a research report on Thursday, January 22nd. Wall Street Zen upgraded Ryvyl to a “sell” rating in a report on Saturday, January 3rd. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Reduce”.

Ryvyl Company Profile

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. Its products include QuickCard Payment System, a physical and virtual payment card processing management system, including software that facilitates on and off ramp e-wallet management; Coyni, a digital token platform, which offers custodial assurance by utilizing its stable coin and blockchain technology in a closed-loop ecosystem; and ChargeSavvy, an end-to-end POS solution comprising software and hardware for the restaurant and hospitality industry.