Short Interest in Pagaya Technologies Ltd. (NASDAQ:PGYWW) Declines By 60.4%

Pagaya Technologies Ltd. (NASDAQ:PGYWWGet Free Report) saw a significant decrease in short interest in August. As of August 14th, there was short interest totaling 17,800 shares, a decrease of 60.4% from the July 30th total of 44,972 shares. Based on an average daily volume of 42,514 shares, the short-interest ratio is currently 0.4 days.

Pagaya Technologies Price Performance

PGYWW opened at $0.02 on Friday. The company’s 50 day simple moving average is $0.03 and its 200-day simple moving average is $0.06. Pagaya Technologies has a one year low of $0.02 and a one year high of $0.72.

Pagaya Technologies Company Profile

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Pagaya Technologies is a financial technology company that leverages artificial intelligence and machine learning to transform credit and asset management. By ingesting vast amounts of structured and alternative data, Pagaya’s platform is designed to assess credit risk more accurately than traditional underwriting methods. The company uses proprietary algorithms to analyze patterns in borrower behavior and market dynamics, enabling its clients to make data-driven decisions across consumer, small-business and other lending verticals.

Pagaya offers its services through a cloud-based asset management platform that supports the full credit lifecycle, from loan origination and risk assessment to portfolio selection and securitization.

Further Reading

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