Pagaya Technologies Ltd. (NASDAQ:PGYWW) Sees Large Decline in Short Interest

Pagaya Technologies Ltd. (NASDAQ:PGYWWGet Free Report) saw a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 44,972 shares, a decrease of 36.8% from the July 15th total of 71,127 shares. Based on an average trading volume of 50,356 shares, the short-interest ratio is presently 0.9 days.

Pagaya Technologies Stock Performance

Shares of NASDAQ PGYWW opened at $0.03 on Thursday. The stock’s fifty day simple moving average is $0.04 and its 200 day simple moving average is $0.07. Pagaya Technologies has a 52-week low of $0.02 and a 52-week high of $0.72.

Pagaya Technologies Company Profile

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Pagaya Technologies is a financial technology company that leverages artificial intelligence and machine learning to transform credit and asset management. By ingesting vast amounts of structured and alternative data, Pagaya’s platform is designed to assess credit risk more accurately than traditional underwriting methods. The company uses proprietary algorithms to analyze patterns in borrower behavior and market dynamics, enabling its clients to make data-driven decisions across consumer, small-business and other lending verticals.

Pagaya offers its services through a cloud-based asset management platform that supports the full credit lifecycle, from loan origination and risk assessment to portfolio selection and securitization.

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