Ryvyl Inc. (NASDAQ:RVYL) Sees Large Growth in Short Interest

Ryvyl Inc. (NASDAQ:RVYL) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totalling 212,900 shares, an increase of 23.1% from the September 30th total of 173,000 shares. Currently, 4.7% of the shares of the company are sold short. Based on an average daily trading volume, of 69,500 shares, the short-interest ratio is currently 3.1 days.

Ryvyl Stock Performance

NASDAQ RVYL traded down $0.13 on Wednesday, reaching $1.38. 102,360 shares of the company’s stock traded hands, compared to its average volume of 66,206. The stock has a 50 day moving average price of $1.39 and a 200-day moving average price of $1.50. The firm has a market cap of $8.93 million, a price-to-earnings ratio of -0.15 and a beta of 4.32. The company has a debt-to-equity ratio of 2.02, a quick ratio of 1.00 and a current ratio of 1.00. Ryvyl has a fifty-two week low of $0.89 and a fifty-two week high of $5.48.

Ryvyl (NASDAQ:RVYL) last announced its quarterly earnings results on Tuesday, August 13th. The company reported ($0.64) earnings per share for the quarter, beating the consensus estimate of ($0.96) by $0.32. Ryvyl had a negative return on equity of 235.63% and a negative net margin of 70.05%. The company had revenue of $11.90 million during the quarter, compared to analysts’ expectations of $12.80 million. Equities research analysts predict that Ryvyl will post -1.53 EPS for the current fiscal year.

Hedge Funds Weigh In On Ryvyl

Large investors have recently made changes to their positions in the company. Renaissance Technologies LLC acquired a new position in shares of Ryvyl in the second quarter worth about $60,000. Cross Staff Investments Inc purchased a new position in Ryvyl in the 1st quarter valued at about $100,000. Finally, CVI Holdings LLC raised its holdings in shares of Ryvyl by 752.7% during the second quarter. CVI Holdings LLC now owns 106,379 shares of the company’s stock valued at $154,000 after acquiring an additional 93,904 shares during the last quarter. 17.37% of the stock is currently owned by institutional investors and hedge funds.

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.