Short Interest in Ryvyl Inc. (NASDAQ:RVYL) Drops By 42.9%

Ryvyl Inc. (NASDAQ:RVYL) saw a significant decrease in short interest during the month of December. As of December 31st, there was short interest totaling 919,230 shares, a decrease of 42.9% from the December 15th total of 1,609,661 shares. Approximately 101.7% of the shares of the stock are sold short. Based on an average daily volume of 1,830,786 shares, the short-interest ratio is presently 0.5 days. Based on an average daily volume of 1,830,786 shares, the short-interest ratio is presently 0.5 days. Approximately 101.7% of the shares of the stock are sold short.

Ryvyl Trading Down 5.9%

Shares of Ryvyl stock traded down $0.32 during mid-day trading on Friday, hitting $5.07. 74,387 shares of the stock were exchanged, compared to its average volume of 169,832. Ryvyl has a twelve month low of $4.50 and a twelve month high of $81.55. The stock has a market capitalization of $5.22 million, a price-to-earnings ratio of -0.14 and a beta of 2.87. The company has a 50-day simple moving average of $8.79 and a 200 day simple moving average of $11.29.

Ryvyl (NASDAQ:RVYL) last posted its quarterly earnings data on Friday, November 14th. The company reported ($2.45) earnings per share for the quarter, beating analysts’ consensus estimates of ($4.55) by $2.10. The firm had revenue of $2.79 million during the quarter, compared to analyst estimates of $3.00 million. Equities research analysts forecast that Ryvyl will post -2.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on RVYL. Wall Street Zen upgraded shares of Ryvyl to a “sell” rating in a research report on Saturday, January 3rd. Weiss Ratings restated a “sell (e+)” rating on shares of Ryvyl in a research report on Wednesday, October 8th. Finally, HC Wainwright reiterated a “neutral” rating on shares of Ryvyl in a research report on Monday, October 6th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce”.

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. 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.