Short Interest in Ryvyl Inc. (NASDAQ:RVYL) Decreases By 26.0%
by Danessa Lincoln · The Markets DailyRyvyl Inc. (NASDAQ:RVYL – Get Free Report) was the recipient of a significant decline in short interest in December. As of December 15th, there was short interest totaling 1,609,661 shares, a decline of 26.0% from the November 30th total of 2,175,593 shares. Based on an average daily trading volume, of 1,459,267 shares, the short-interest ratio is presently 1.1 days. Approximately 5.1% of the shares of the company are short sold. Approximately 5.1% of the shares of the company are short sold. Based on an average daily trading volume, of 1,459,267 shares, the short-interest ratio is presently 1.1 days.
Analyst Ratings Changes
Several research firms recently issued reports on RVYL. Weiss Ratings reissued a “sell (e+)” rating on shares of Ryvyl in a research report on Wednesday, October 8th. HC Wainwright reissued a “neutral” rating on shares of Ryvyl in a report on Monday, October 6th. Finally, Wall Street Zen raised Ryvyl to a “sell” rating in a research note on Friday, October 3rd. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Reduce”.
Get Our Latest Stock Report on RVYL
Ryvyl Price Performance
Shares of NASDAQ:RVYL traded up $0.02 during trading on Tuesday, reaching $0.18. The stock had a trading volume of 3,494,547 shares, compared to its average volume of 6,575,679. The stock has a market capitalization of $6.38 million, a PE ratio of -0.17 and a beta of 2.79. Ryvyl has a 52 week low of $0.14 and a 52 week high of $2.33. The business’s 50-day moving average price is $0.30 and its 200 day moving average price is $0.38.
Ryvyl (NASDAQ:RVYL – Get Free Report) last released its quarterly earnings results on Friday, November 14th. The company reported ($0.07) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.06. The firm had revenue of $2.79 million during the quarter, compared to analysts’ expectations of $3.00 million. Ryvyl had a negative return on equity of 522.95% and a negative net margin of 36.89%. Analysts forecast that Ryvyl will post -2.31 EPS for the current year.
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. Its products include QuickCard Payment System, a physical and virtual payment card processing management system, including software that facilitates on and off ramp e-wallet management; Coyni, a digital token platform, which offers custodial assurance by utilizing its stable coin and blockchain technology in a closed-loop ecosystem; and ChargeSavvy, an end-to-end POS solution comprising software and hardware for the restaurant and hospitality industry.