Short Interest in Riskified Ltd. (NYSE:RSKD) Rises By 49.9%

Riskified Ltd. (NYSE:RSKD) was the target of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 1,260,000 shares, a growth of 49.9% from the February 28th total of 840,400 shares. Approximately 1.5% of the shares of the company are sold short. Based on an average daily volume of 527,600 shares, the days-to-cover ratio is currently 2.4 days.

Analyst Upgrades and Downgrades

RSKD has been the topic of several recent research reports. DA Davidson upgraded Riskified from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $5.00 to $7.00 in a research report on Monday, March 3rd. JPMorgan Chase & Co. dropped their price objective on shares of Riskified from $7.00 to $6.00 and set a “neutral” rating for the company in a research note on Monday, March 10th. Piper Sandler restated an “overweight” rating and set a $7.00 target price on shares of Riskified in a research report on Monday, March 17th. Finally, The Goldman Sachs Group raised their target price on shares of Riskified from $4.00 to $4.50 and gave the stock a “sell” rating in a report on Thursday, March 6th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $5.78.

Riskified Stock Performance

Shares of NYSE RSKD traded up $0.05 during trading hours on Tuesday, hitting $4.67. 323,069 shares of the stock were exchanged, compared to its average volume of 651,193. The company’s fifty day simple moving average is $5.10 and its two-hundred day simple moving average is $4.83. The company has a market cap of $752.04 million, a PE ratio of -23.37 and a beta of 1.37. Riskified has a 1-year low of $4.14 and a 1-year high of $6.65.

Hedge Funds Weigh In On Riskified

Several hedge funds and other institutional investors have recently modified their holdings of the business. Lazard Asset Management LLC acquired a new stake in Riskified in the fourth quarter valued at about $38,000. Group One Trading LLC lifted its holdings in shares of Riskified by 4,503.5% in the fourth quarter. Group One Trading LLC now owns 8,719 shares of the company’s stock worth $41,000 after acquiring an additional 8,917 shares during the last quarter. Bayesian Capital Management LP acquired a new stake in shares of Riskified in the 4th quarter valued at approximately $56,000. Cubist Systematic Strategies LLC acquired a new position in Riskified during the 4th quarter worth approximately $74,000. Finally, Point72 Asset Management L.P. bought a new position in Riskified in the 4th quarter valued at approximately $88,000. Institutional investors own 58.98% of the company’s stock.

Riskified Company Profile

Riskified Ltd., together with its subsidiaries, develops and offers an e-commerce risk management platform that allows online merchants to create trusted relationships with consumers in the United States, Europe, the Middle East, Africa, the Asia-Pacific, and the Americas. It offers Chargeback Guarantee that ensures the legitimacy of merchants' online orders; Policy Protect, a machine learning solution designed to detect and prevent refund and returns policy abuse in real-time; Account Secure, a solution that cross-checks every login attempt; Dispute Resolve, which is used to compile submissions for fraud and non-fraud related chargeback issues; and PSD2 Optimize that helps merchants avoid bank authorization failures and abandoned shopping carts.