Ryvyl Inc. (NASDAQ:RVYL) Short Interest Update

Ryvyl Inc. (NASDAQ:RVYL) was the target of a significant increase in short interest in February. As of February 28th, there was short interest totalling 199,400 shares, an increase of 27.1% from the February 13th total of 156,900 shares. Based on an average daily trading volume, of 104,600 shares, the days-to-cover ratio is currently 1.9 days. Approximately 3.2% of the company’s stock are sold short.

Ryvyl Stock Performance

Shares of NASDAQ:RVYL traded up $0.00 during trading on Monday, reaching $0.97. The company had a trading volume of 9,547 shares, compared to its average volume of 94,401. The stock’s fifty day moving average price is $1.17 and its 200 day moving average price is $1.36. Ryvyl has a fifty-two week low of $0.69 and a fifty-two week high of $4.10. The firm has a market capitalization of $8.06 million, a price-to-earnings ratio of -0.11 and a beta of 4.40. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.96 and a quick ratio of 0.96.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Ryvyl stock. Mariner LLC acquired a new position in shares of Ryvyl Inc. (NASDAQ:RVYL) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 77,782 shares of the company’s stock, valued at approximately $101,000. Mariner LLC owned 1.05% of Ryvyl at the end of the most recent reporting period. 17.37% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, HC Wainwright restated a “neutral” rating on shares of Ryvyl in a research note on Wednesday, February 26th.

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.