Short Interest in Ryvyl Inc. (NASDAQ:RVYL) Increases By 27.1%

Ryvyl Inc. (NASDAQ:RVYL) saw a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 199,400 shares, a growth of 27.1% from the February 13th total of 156,900 shares. Currently, 3.2% of the shares of the stock are short sold. Based on an average daily volume of 104,600 shares, the short-interest ratio is currently 1.9 days.

Ryvyl Stock Down 0.0 %

Shares of RVYL opened at $0.98 on Wednesday. The firm has a market capitalization of $8.18 million, a P/E ratio of -0.11 and a beta of 4.40. Ryvyl has a 12-month low of $0.69 and a 12-month high of $4.10. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 2.80. The firm has a fifty day moving average price of $1.14 and a 200-day moving average price of $1.36.

Institutional Trading of Ryvyl

An institutional investor recently raised its position in Ryvyl stock. Heights Capital Management Inc. grew its stake in shares of Ryvyl Inc. (NASDAQ:RVYL) by 341.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 120,026 shares of the company’s stock after purchasing an additional 92,841 shares during the quarter. Heights Capital Management Inc. owned approximately 1.62% of Ryvyl worth $156,000 at the end of the most recent quarter. 17.37% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

About Ryvyl

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.