Short Interest in Ryvyl Inc. (NASDAQ:RVYL) Rises By 23.1%

Ryvyl Inc. (NASDAQ:RVYL) saw a significant increase in short interest in 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. Based on an average daily volume of 69,500 shares, the days-to-cover ratio is presently 3.1 days. Approximately 4.7% of the shares of the company are sold short.

Ryvyl Stock Performance

RVYL traded down $0.09 during trading on Wednesday, hitting $1.42. The stock had a trading volume of 13,400 shares, compared to its average volume of 65,785. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 2.02. Ryvyl has a 12 month low of $0.89 and a 12 month high of $5.48. The company has a 50 day simple moving average of $1.39 and a 200-day simple moving average of $1.50. The firm has a market cap of $9.19 million, a PE ratio of -0.17 and a beta of 4.32.

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

Institutional Trading of Ryvyl

Hedge funds have recently bought and sold shares of the stock. Cross Staff Investments Inc acquired a new position in shares of Ryvyl during the first quarter valued at about $100,000. Renaissance Technologies LLC bought a new position in Ryvyl during the second quarter valued at about $60,000. Finally, CVI Holdings LLC increased its stake in 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 period. 17.37% of the stock is owned by institutional investors.

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.