Ryvyl Inc. (NASDAQ:RVYL) Short Interest Down 27.8% in February

Ryvyl Inc. (NASDAQ:RVYL) was the target of a significant drop in short interest during the month of February. As of February 13th, there was short interest totaling 103,555 shares, a drop of 27.8% from the January 29th total of 143,484 shares. Approximately 9.3% of the shares of the stock are sold short. Based on an average trading volume of 37,805 shares, the days-to-cover ratio is presently 2.7 days. Based on an average trading volume of 37,805 shares, the days-to-cover ratio is presently 2.7 days. Approximately 9.3% of the shares of the stock are sold short.

Ryvyl Stock Performance

Shares of RVYL traded down $0.10 during trading hours on Tuesday, hitting $5.49. The company had a trading volume of 20,596 shares, compared to its average volume of 25,038. The stock has a market capitalization of $6.97 million, a price-to-earnings ratio of -0.15 and a beta of 2.69. Ryvyl has a 52-week low of $4.50 and a 52-week high of $81.55. The firm has a fifty day moving average price of $5.80 and a 200-day moving average price of $9.26.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Wall Street Zen raised Ryvyl to a “sell” rating in a research note on Saturday, January 3rd. Weiss Ratings restated a “sell (e+)” rating on shares of Ryvyl in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

Institutional Trading of Ryvyl

A number of large investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC grew its holdings in Ryvyl by 403,087.9% during the 4th quarter. NewEdge Advisors LLC now owns 701,547 shares of the company’s stock valued at $114,000 after purchasing an additional 701,373 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Ryvyl during the fourth quarter valued at about $28,000. HRT Financial LP acquired a new stake in Ryvyl during the 4th quarter worth about $25,000. Finally, Geode Capital Management LLC raised its holdings in shares of Ryvyl by 9.4% during the fourth quarter. Geode Capital Management LLC now owns 225,905 shares of the company’s stock worth $40,000 after purchasing an additional 19,439 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. Its products include QuickCard Payment System, a physical and virtual payment card processing management system, including software that facilitates on and off ramp e-wallet management; Coyni, a digital token platform, which offers custodial assurance by utilizing its stable coin and blockchain technology in a closed-loop ecosystem; and ChargeSavvy, an end-to-end POS solution comprising software and hardware for the restaurant and hospitality industry.