Ryvyl Inc. (NASDAQ:RVYL) Short Interest Update

Ryvyl Inc. (NASDAQ:RVYL) was the target of a large decrease in short interest during the month of December. As of December 15th, there was short interest totalling 272,500 shares, a decrease of 24.2% from the November 30th total of 359,300 shares. Approximately 5.3% of the company’s stock are sold short. Based on an average trading volume of 119,300 shares, the days-to-cover ratio is currently 2.3 days.

Ryvyl Stock Performance

Shares of RVYL stock traded down $0.06 during mid-day trading on Friday, hitting $1.38. 69,794 shares of the stock were exchanged, compared to its average volume of 76,785. The stock has a market capitalization of $10.21 million, a price-to-earnings ratio of -0.16 and a beta of 4.28. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.96 and a current ratio of 0.96. The stock’s fifty day simple moving average is $1.55 and its two-hundred day simple moving average is $1.52. Ryvyl has a 12-month low of $0.89 and a 12-month high of $4.85.

Hedge Funds Weigh In On Ryvyl

An institutional investor recently bought a new position in Ryvyl stock. Renaissance Technologies LLC acquired a new stake in Ryvyl Inc. (NASDAQ:RVYL) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 41,424 shares of the company’s stock, valued at approximately $60,000. Renaissance Technologies LLC owned about 0.64% of Ryvyl as of its most recent SEC filing. 17.37% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright restated a “neutral” rating on shares of Ryvyl in a research report on Friday, November 15th.

About Ryvyl

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.