Short Interest in Pagaya Technologies Ltd. (NASDAQ:PGYWW) Declines By 14.3%

Pagaya Technologies Ltd. (NASDAQ:PGYWW) was the target of a significant decrease in short interest during the month of March. As of March 13th, there was short interest totaling 50,213 shares, a decrease of 14.3% from the February 26th total of 58,604 shares. Based on an average daily trading volume, of 117,939 shares, the days-to-cover ratio is currently 0.4 days.

Pagaya Technologies Price Performance

Pagaya Technologies stock opened at $0.04 on Thursday. Pagaya Technologies has a 1-year low of $0.03 and a 1-year high of $0.72. The business has a fifty day moving average price of $0.16 and a 200-day moving average price of $0.34.

About Pagaya Technologies

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.