Ryvyl Inc. (NASDAQ:RVYL) Short Interest Update

Ryvyl Inc. (NASDAQ:RVYL) was the target of a large decline in short interest in the month of March. As of March 13th, there was short interest totaling 45,731 shares, a decline of 41.0% from the February 26th total of 77,516 shares. Based on an average daily volume of 13,892 shares, the days-to-cover ratio is presently 3.3 days. Approximately 4.1% of the shares of the company are short sold.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Weiss Ratings restated a “sell (e+)” rating on shares of Ryvyl in a research note on Thursday, January 22nd. Wall Street Zen upgraded Ryvyl to a “sell” rating in a research note on Saturday, January 3rd. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce”.

Hedge Funds Weigh In On Ryvyl

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RVYL. NewEdge Advisors LLC increased its position in Ryvyl by 403,087.9% in the 4th quarter. NewEdge Advisors LLC now owns 701,547 shares of the company’s stock valued at $114,000 after acquiring an additional 701,373 shares during the period. Jane Street Group LLC acquired a new position in Ryvyl during the 4th quarter worth $28,000. HRT Financial LP acquired a new position in Ryvyl during the 4th quarter worth $25,000. Finally, Geode Capital Management LLC grew its stake in shares of Ryvyl by 9.4% in the fourth quarter. Geode Capital Management LLC now owns 225,905 shares of the company’s stock worth $40,000 after purchasing an additional 19,439 shares in the last quarter. 17.37% of the stock is owned by institutional investors.

Ryvyl Stock Down 5.0%

NASDAQ RVYL traded down $0.27 on Friday, hitting $5.08. The stock had a trading volume of 43,803 shares, compared to its average volume of 33,557. The company’s 50-day moving average is $5.77 and its two-hundred day moving average is $8.62. Ryvyl has a one year low of $4.50 and a one year high of $81.55. The stock has a market cap of $6.44 million, a price-to-earnings ratio of -0.14 and a beta of 2.69.

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.