Paysafe Limited (NYSE:PSFE) Short Interest Up 26.2% in March

Paysafe Limited (NYSE:PSFE) was the target of a large growth in short interest in March. As of March 15th, there was short interest totalling 1,540,000 shares, a growth of 26.2% from the February 28th total of 1,220,000 shares. Based on an average daily trading volume, of 376,400 shares, the short-interest ratio is presently 4.1 days. Approximately 5.0% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

PSFE has been the subject of several recent research reports. UBS Group raised their target price on shares of Paysafe from $17.00 to $17.50 and gave the company a “sell” rating in a report on Wednesday, February 12th. Bank of America cut their price objective on Paysafe from $18.00 to $16.00 and set an “underperform” rating for the company in a research report on Monday, March 10th. Finally, Susquehanna lowered their target price on Paysafe from $21.00 to $17.00 and set a “neutral” rating on the stock in a report on Wednesday, March 5th.

Hedge Funds Weigh In On Paysafe

Several large investors have recently added to or reduced their stakes in PSFE. SG Americas Securities LLC grew its holdings in Paysafe by 5.7% in the 4th quarter. SG Americas Securities LLC now owns 13,903 shares of the company’s stock valued at $238,000 after buying an additional 754 shares during the period. JPMorgan Chase & Co. increased its position in Paysafe by 5.8% during the third quarter. JPMorgan Chase & Co. now owns 15,183 shares of the company’s stock worth $341,000 after purchasing an additional 835 shares during the last quarter. Spire Wealth Management purchased a new position in Paysafe during the fourth quarter worth approximately $26,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of Paysafe by 16.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,207 shares of the company’s stock valued at $209,000 after purchasing an additional 1,709 shares during the last quarter. Finally, State of Wyoming boosted its holdings in shares of Paysafe by 38.2% in the 4th quarter. State of Wyoming now owns 7,162 shares of the company’s stock valued at $122,000 after purchasing an additional 1,980 shares during the last quarter. 54.39% of the stock is currently owned by hedge funds and other institutional investors.

Paysafe Trading Up 1.9 %

Shares of Paysafe stock traded up $0.30 during mid-day trading on Wednesday, hitting $16.42. 259,595 shares of the stock were exchanged, compared to its average volume of 323,072. The company has a 50-day simple moving average of $18.24 and a 200 day simple moving average of $19.39. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 2.76. The stock has a market capitalization of $997.89 million, a price-to-earnings ratio of -43.21, a price-to-earnings-growth ratio of 0.48 and a beta of 1.87. Paysafe has a twelve month low of $14.06 and a twelve month high of $26.25.

Paysafe (NYSE:PSFE) last released its earnings results on Thursday, March 6th. The company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.17). Paysafe had a positive return on equity of 12.92% and a negative net margin of 1.38%. The firm had revenue of $420.07 million during the quarter, compared to analysts’ expectations of $437.40 million. Research analysts forecast that Paysafe will post 1.87 EPS for the current year.

About Paysafe

Paysafe Limited provides end-to-end payment solutions in the United States, Germany, the United Kingdom, and internationally. Its payments platform offers a range of payment solutions comprising credit and debit card processing, digital wallet, eCash, and real-time banking solutions for entertainment verticals, such as iGaming, including online betting related to sports, e-sports, fantasy sports, poker, and other casino games, as well as travel, streaming/video gaming, retail/hospitality, and digital assets.