Ryvyl Inc. (NASDAQ:RVYL) Sees Significant Drop in Short Interest

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

Ryvyl Stock Performance

NASDAQ RVYL traded down $0.01 on Friday, hitting $1.29. 9,515 shares of the company traded hands, compared to its average volume of 60,954. The business’s 50 day moving average price is $1.36 and its 200-day moving average price is $1.71. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 2.02. Ryvyl has a 52-week low of $0.89 and a 52-week high of $5.48. The company has a market capitalization of $8.35 million, a price-to-earnings ratio of -0.15 and a beta of 4.30.

Ryvyl (NASDAQ:RVYL) last announced its quarterly earnings data on Tuesday, August 13th. The company reported ($0.64) EPS for the quarter, beating the consensus estimate of ($0.96) by $0.32. Ryvyl had a negative return on equity of 235.63% and a negative net margin of 70.05%. The business had revenue of $11.90 million for the quarter, compared to the consensus estimate of $12.80 million. Equities analysts expect that Ryvyl will post -1.53 earnings per share for the current year.

Hedge Funds Weigh In On Ryvyl

Hedge funds and other institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC bought a new stake in Ryvyl in the 2nd quarter valued at $60,000. Cross Staff Investments Inc bought a new stake in shares of Ryvyl in the first quarter worth about $100,000. Finally, CVI Holdings LLC increased its holdings in shares of Ryvyl by 752.7% in the second quarter. CVI Holdings LLC now owns 106,379 shares of the company’s stock worth $154,000 after purchasing an additional 93,904 shares during the last quarter. Institutional investors own 17.37% of the company’s stock.

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.