Ryvyl Inc. (NASDAQ:RVYL) Short Interest Update

Ryvyl Inc. (NASDAQ:RVYL) saw a large drop in short interest in the month of September. As of September 15th, there was short interest totalling 172,800 shares, a drop of 24.0% from the August 31st total of 227,300 shares. Currently, 3.8% of the company’s stock are short sold. Based on an average daily volume of 52,900 shares, the days-to-cover ratio is presently 3.3 days.

Ryvyl Stock Down 0.8 %

Shares of NASDAQ:RVYL traded down $0.01 during midday trading on Friday, reaching $1.29. The company’s stock had a trading volume of 9,515 shares, compared to its average volume of 60,954. Ryvyl has a 12-month low of $0.89 and a 12-month high of $5.48. The firm has a 50 day moving average of $1.36 and a 200-day moving average of $1.71. The firm has a market capitalization of $8.35 million, a P/E ratio of -0.15 and a beta of 4.30. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 2.02.

Ryvyl (NASDAQ:RVYL) last released its earnings results on Tuesday, August 13th. The company reported ($0.64) EPS for the quarter, topping analysts’ consensus estimates of ($0.96) by $0.32. The firm had revenue of $11.90 million for the quarter, compared to analysts’ expectations of $12.80 million. Ryvyl had a negative return on equity of 235.63% and a negative net margin of 70.05%. On average, research analysts anticipate that Ryvyl will post -1.53 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. CVI Holdings LLC increased its position in shares of Ryvyl by 752.7% during the second quarter. CVI Holdings LLC now owns 106,379 shares of the company’s stock valued at $154,000 after acquiring an additional 93,904 shares in the last quarter. Renaissance Technologies LLC purchased a new position in shares of Ryvyl in the second quarter worth $60,000. Finally, Cross Staff Investments Inc bought a new position in shares of Ryvyl during the first quarter valued at $100,000. 17.37% of the stock is owned by hedge funds and other institutional investors.

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.