Paysafe Limited (NYSE:PSFE) Short Interest Update

Paysafe Limited (NYSE:PSFEGet Rating) saw a significant growth in short interest in April. As of April 15th, there was short interest totalling 13,760,000 shares, a growth of 17.3% from the March 31st total of 11,730,000 shares. Approximately 4.1% of the shares of the stock are short sold. Based on an average trading volume of 7,550,000 shares, the short-interest ratio is presently 1.8 days.

Large investors have recently modified their holdings of the company. State Street Corp increased its stake in shares of Paysafe by 112.4% during the fourth quarter. State Street Corp now owns 6,883,131 shares of the company’s stock valued at $26,913,000 after buying an additional 3,641,853 shares during the period. BlackRock Inc. boosted its holdings in Paysafe by 43.1% in the third quarter. BlackRock Inc. now owns 11,956,024 shares of the company’s stock valued at $92,660,000 after acquiring an additional 3,600,577 shares in the last quarter. Indaba Capital Management L.P. purchased a new position in Paysafe during the 3rd quarter valued at $26,350,000. Parametric Portfolio Associates LLC raised its holdings in Paysafe by 3,475.4% in the 4th quarter. Parametric Portfolio Associates LLC now owns 1,950,126 shares of the company’s stock worth $7,625,000 after purchasing an additional 1,895,583 shares in the last quarter. Finally, Caspian Capital LP bought a new position in Paysafe in the 4th quarter worth $6,139,000. 65.63% of the stock is owned by hedge funds and other institutional investors.

Shares of PSFE opened at $2.86 on Friday. Paysafe has a twelve month low of $2.59 and a twelve month high of $13.95. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.41 and a quick ratio of 1.41. The firm has a fifty day simple moving average of $3.19 and a two-hundred day simple moving average of $4.04.

A number of equities analysts have recently issued reports on PSFE shares. Westpark Capital upgraded Paysafe from a “hold” rating to a “buy” rating and set a $5.00 price objective for the company in a report on Thursday, April 14th. Zacks Investment Research cut shares of Paysafe from a “hold” rating to a “sell” rating in a research report on Thursday, April 28th. Cowen raised shares of Paysafe from a “market perform” rating to an “outperform” rating and set a $7.00 price objective for the company in a research note on Thursday, January 20th. Susquehanna decreased their target price on shares of Paysafe from $13.00 to $9.00 and set a “positive” rating on the stock in a research report on Thursday, March 3rd. Finally, Bank of America downgraded shares of Paysafe from a “buy” rating to an “underperform” rating and lowered their price target for the stock from $6.00 to $4.00 in a research note on Wednesday, March 2nd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $7.84.

Paysafe Company Profile (Get Rating)

Paysafe Limited provides digital commerce solutions to online businesses, small and medium-sized business merchants, and consumers through its Paysafe Network worldwide. The company operates in two segments, US Acquiring and Digital Commerce. It provides PCI-compliant payment acceptance and transaction processing solutions for merchants and integrated service providers, including merchant acquiring, transaction processing, online solutions, fraud and risk management tools, data and analytics, and point of sale systems and merchant financing solutions under the Paysafe and Petroleum Card Services brands.

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