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

Ryvyl Inc. (NASDAQ:RVYL) saw a large decline in short interest in the month of April. As of April 15th, there was short interest totaling 72,430 shares, a decline of 28.7% from the March 31st total of 101,567 shares. Based on an average trading volume of 62,892 shares, the days-to-cover ratio is presently 1.2 days. Approximately 6.5% of the shares of the company are sold short.

Institutional Trading of Ryvyl

Several hedge funds have recently added to or reduced their stakes in RVYL. Geode Capital Management LLC lifted its holdings in Ryvyl by 9.4% during the 4th 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 during the last quarter. HRT Financial LP acquired a new stake in Ryvyl during the 4th quarter worth approximately $25,000. Jane Street Group LLC acquired a new stake in Ryvyl during the 4th quarter worth approximately $28,000. Finally, NewEdge Advisors LLC lifted its holdings in Ryvyl by 403,087.9% during the 4th 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 and hedge funds.

Ryvyl Stock Performance

NASDAQ:RVYL opened at $5.60 on Tuesday. The stock has a market cap of $7.17 million, a P/E ratio of -0.15 and a beta of 2.61. The stock has a 50 day simple moving average of $5.66 and a 200 day simple moving average of $7.72. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.92. Ryvyl has a 1-year low of $4.14 and a 1-year high of $81.55.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on RVYL. Weiss Ratings reiterated a “sell (e+)” rating on shares of Ryvyl in a research note on Tuesday, April 21st. Wall Street Zen raised Ryvyl to a “sell” rating in a report 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 MarketBeat.com, the company 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.