Short Interest in Ryvyl Inc. (NASDAQ:RVYL) Decreases By 26.0%

Ryvyl Inc. (NASDAQ:RVYL) 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”.

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) 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.