RTB Digital, Inc. Common Stock (NASDAQ:RTB) Short Interest Update

RTB Digital, Inc. Common Stock (NASDAQ:RTB) was the target of a large increase in short interest in June. As of June 30th, there was short interest totaling 212,754 shares, an increase of 81.6% from the June 15th total of 117,167 shares. Currently, 19.0% of the company’s stock are short sold. Based on an average daily volume of 412,960 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of RTB. NewEdge Advisors LLC grew its position in shares of RTB Digital, Inc. Common Stock by 403,087.9% during the 4th quarter. NewEdge Advisors LLC now owns 701,547 shares of the company’s stock valued at $114,000 after acquiring an additional 701,373 shares during the period. Geode Capital Management LLC raised its holdings in RTB Digital, Inc. Common Stock by 9.4% in the 4th quarter. Geode Capital Management LLC now owns 225,905 shares of the company’s stock worth $40,000 after purchasing an additional 19,439 shares during the period. Jane Street Group LLC bought a new position in RTB Digital, Inc. Common Stock in the 4th quarter worth $28,000. Finally, HRT Financial LP bought a new position in RTB Digital, Inc. Common Stock in the 4th quarter worth $25,000. Hedge funds and other institutional investors own 17.37% of the company’s stock.

RTB Digital, Inc. Common Stock Stock Up 0.5%

RTB stock opened at $17.24 on Friday. The business’s 50-day moving average is $9.19 and its two-hundred day moving average is $6.95. RTB Digital, Inc. Common Stock has a fifty-two week low of $3.25 and a fifty-two week high of $20.75. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.04 and a current ratio of 1.04. The company has a market cap of $22.07 million, a price-to-earnings ratio of -0.60 and a beta of 2.15.

RTB Digital, Inc. Common Stock (NASDAQ:RTB) last announced its earnings results on Wednesday, April 15th. The company reported ($2.03) earnings per share (EPS) for the quarter. The company had revenue of $2.79 million for the quarter.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of RTB Digital, Inc. Common Stock to a “sell” rating in a research note on Saturday, June 20th. Weiss Ratings reissued a “sell (e+)” rating on shares of RTB Digital, Inc. Common Stock in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, RTB Digital, Inc. Common Stock presently has a consensus rating of “Reduce”.

RTB Digital, Inc. Common Stock 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.