In June, the short interest increased significantly. On June 30, there were 565,200 short shares. This is a 53.2% increase from June 15th's total of 368 900 shares. Around 1.8% of shares are short-sold. The days-to-cover is currently 2.0 days based on an average daily share volume of 279,000 shares.
Ryvyl: Institutional investors weigh in
Recently, several large investors bought and sold RVYL shares. Renaissance Technologies LLC acquired a new share of Ryvyl in the first quarter, valued at approximately $41,000. Steel Peak Wealth Management LLC purchased a new position in shares of Ryvyl during the first quarter, valued at approximately $48,000. Geode Capital Management LLC acquired a new stake in shares of Ryvyl during the first quarter, valued at about $81,000. BlackRock Inc. purchased a new holding in Ryvyl worth approximately $84,000 during the first quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake of Ryvyl in the first quarter, valued at approximately $220,000. The price of the stock rose $0.24 to $1.65 during Friday's trading at midday. The company's shares changed hands in a volume of 1,172,722, compared to the average of 478764. The company's fifty-day simple moving is $0.73, and its two hundred day simple moving is $0.60. Ryvyl's 1 year low is $0.27, and its 1 year high is $2.86.
The company last published its quarterly earnings on Thursday, 25th May. The company's earnings per share for the quarter were ($0.15), which was below the consensus estimate ($0.08). Ryvyl reported a negative net profit margin of 72.87%, and a negative equity return of 225.08%. The company's revenue for the quarter was $11.29m, which is lower than analysts' expectations (12.30m). In the same quarter of the previous year the company earned (0.13) per share. Analysts at equities firms predict that Ryvyl's earnings per share will be -0.52 on average for the current fiscal period.
Get Free Report
Ryvyl Inc is a technology firm that develops, markets, and sells blockchain-based payments solutions. The blockchain-based system of the company facilitates, records, and stores a volume tokenized assets that represent cash or data in a blockchain ledger. QuickCard Payment System is a virtual and physical payment card management system that includes software to facilitate on- and off-ramp eWallet management. It also offers point of sale software and hardware solutions, and Coyni is a digital currency that has a 1:1 backing by the U.S.
MarketBeat.com offers a FREE daily email newsletter