Ryvyl Inc. (NASDAQ:RVYL) Short Interest Down 23.0% in March

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

Ryvyl Stock Down 2.8 %

Shares of NASDAQ:RVYL opened at $1.03 on Monday. The company has a market cap of $8.60 million, a price-to-earnings ratio of -0.12 and a beta of 4.40. Ryvyl has a fifty-two week low of $0.69 and a fifty-two week high of $2.99. The firm’s 50-day simple moving average is $1.10 and its 200-day simple moving average is $1.36. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 2.80.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Ryvyl stock. Mariner LLC purchased a new position in shares of Ryvyl Inc. (NASDAQ:RVYL) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 77,782 shares of the company’s stock, valued at approximately $101,000. Mariner LLC owned 1.05% of Ryvyl as of its most recent SEC filing. Hedge funds and other institutional investors own 17.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reissued a “neutral” rating on shares of Ryvyl in a report 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.