Pagaya Technologies Ltd. (NASDAQ:PGYWW) Sees Significant Decrease in Short Interest

Pagaya Technologies Ltd. (NASDAQ:PGYWW) was the recipient of a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 17,800 shares, a decrease of 60.4% from the July 30th total of 44,972 shares. Based on an average trading volume of 42,514 shares, the days-to-cover ratio is presently 0.4 days.

Pagaya Technologies Trading Down 5.6%

Shares of Pagaya Technologies stock traded down $0.00 during midday trading on Friday, hitting $0.02. 37,856 shares of the company traded hands, compared to its average volume of 94,196. The firm’s fifty day moving average price is $0.03 and its 200-day moving average price is $0.06. Pagaya Technologies has a 12 month low of $0.02 and a 12 month high of $0.72.

About Pagaya Technologies

Pagaya Technologies is a financial technology company that leverages artificial intelligence and machine learning to transform credit and asset management. By ingesting vast amounts of structured and alternative data, Pagaya’s platform is designed to assess credit risk more accurately than traditional underwriting methods. The company uses proprietary algorithms to analyze patterns in borrower behavior and market dynamics, enabling its clients to make data-driven decisions across consumer, small-business and other lending verticals.

Pagaya offers its services through a cloud-based asset management platform that supports the full credit lifecycle, from loan origination and risk assessment to portfolio selection and securitization.