Paysafe Limited (NYSE:PSFE) Sees Significant Growth in Short Interest

Paysafe Limited (NYSE:PSFE) saw a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 1,540,000 shares, a growth of 26.2% from the February 28th total of 1,220,000 shares. Based on an average trading volume of 376,400 shares, the days-to-cover ratio is currently 4.1 days. Approximately 5.0% of the shares of the company are short sold.

Institutional Investors Weigh In On Paysafe

A number of large investors have recently added to or reduced their stakes in the company. Spire Wealth Management bought a new stake in shares of Paysafe in the fourth quarter worth $26,000. Bfsg LLC acquired a new stake in shares of Paysafe during the fourth quarter worth $78,000. State of Wyoming lifted its position in shares of Paysafe by 38.2% in the 4th quarter. State of Wyoming now owns 7,162 shares of the company’s stock worth $122,000 after buying an additional 1,980 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of Paysafe in the 4th quarter valued at about $169,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Paysafe by 25.0% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 11,078 shares of the company’s stock valued at $194,000 after buying an additional 2,215 shares during the last quarter. 54.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. UBS Group increased their target price on Paysafe from $17.00 to $17.50 and gave the company a “sell” rating in a report on Wednesday, February 12th. Susquehanna decreased their price objective on Paysafe from $21.00 to $17.00 and set a “neutral” rating on the stock in a report on Wednesday, March 5th. Finally, Bank of America dropped their price target on shares of Paysafe from $18.00 to $16.00 and set an “underperform” rating for the company in a research report on Monday, March 10th.

Paysafe Stock Performance

PSFE traded up $0.48 during trading on Tuesday, reaching $16.17. The company’s stock had a trading volume of 75,109 shares, compared to its average volume of 322,695. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.14 and a current ratio of 1.14. The company’s fifty day moving average price is $18.33 and its 200-day moving average price is $19.46. The company has a market capitalization of $982.64 million, a price-to-earnings ratio of -42.46, a price-to-earnings-growth ratio of 0.48 and a beta of 1.87. Paysafe has a 52-week low of $14.06 and a 52-week high of $26.25.

Paysafe (NYSE:PSFE) last posted its earnings results on Thursday, March 6th. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.17). Paysafe had a negative net margin of 1.38% and a positive return on equity of 12.92%. The company had revenue of $420.07 million during the quarter, compared to analysts’ expectations of $437.40 million. On average, equities analysts forecast that Paysafe will post 1.87 earnings per share for the current fiscal year.

About Paysafe

Paysafe Limited provides end-to-end payment solutions in the United States, Germany, the United Kingdom, and internationally. Its payments platform offers a range of payment solutions comprising credit and debit card processing, digital wallet, eCash, and real-time banking solutions for entertainment verticals, such as iGaming, including online betting related to sports, e-sports, fantasy sports, poker, and other casino games, as well as travel, streaming/video gaming, retail/hospitality, and digital assets.