Pagaya Technologies Ltd. (NASDAQ:PGYWW) Sees Large Drop in Short Interest

Pagaya Technologies Ltd. (NASDAQ:PGYWW) was the target of a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 400 shares, a drop of 97.8% from the September 15th total of 17,871 shares. Based on an average daily trading volume, of 22,118 shares, the days-to-cover ratio is presently 0.0 days.

Pagaya Technologies Trading Down 12.4%

Shares of PGYWW stock opened at $0.02 on Friday. Pagaya Technologies has a one year low of $0.01 and a one year high of $0.59. The company has a fifty day moving average price of $0.02 and a two-hundred day moving average price of $0.04.

Pagaya Technologies Company Profile

Pagaya Technologies Ltd. is a financial technology company that uses artificial intelligence, machine learning and data analytics to connect lenders and institutional investors with credit and other asset opportunities. Its technology platform is designed to analyze large amounts of data, assess risk and support the origination, financing and management of assets.

The company provides an infrastructure platform for financial institutions, including banks, lenders and asset managers. Its applications have focused on consumer credit, personal loans, auto loans and residential real estate-related assets, helping partners expand access to financing while enabling institutional investors to gain exposure to diversified portfolios.

Pagaya was founded in 2016 by Gal Krubiner, Yossi Tzur and Eran Dinur.