Ryvyl Inc. (NASDAQ:RVYL) Short Interest Update

Ryvyl Inc. (NASDAQ:RVYL) was the recipient of a large decline in short interest in March. As of March 15th, there was short interest totalling 153,600 shares, a decline of 23.0% from the February 28th total of 199,400 shares. Approximately 2.5% of the company’s stock are sold short. Based on an average daily trading volume, of 90,800 shares, the short-interest ratio is currently 1.7 days.

Institutional Investors Weigh In On Ryvyl

A hedge fund recently bought a new stake in Ryvyl stock. Mariner LLC purchased a new position in Ryvyl Inc. (NASDAQ:RVYL) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 77,782 shares of the company’s stock, valued at approximately $101,000. Mariner LLC owned about 1.05% of Ryvyl at the end of the most recent reporting period. Institutional investors and hedge funds own 17.37% of the company’s stock.

Analyst Upgrades and Downgrades

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

Ryvyl Stock Up 8.4 %

Shares of RVYL traded up $0.08 during mid-day trading on Wednesday, reaching $0.97. The company had a trading volume of 33,246 shares, compared to its average volume of 92,017. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.96 and a current ratio of 0.96. The company has a market capitalization of $8.12 million, a price-to-earnings ratio of -0.11 and a beta of 4.40. The firm has a 50-day moving average price of $1.08 and a 200 day moving average price of $1.36. Ryvyl has a 52 week low of $0.69 and a 52 week high of $2.76.

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.