RTB Digital, Inc. Common Stock (NASDAQ:RTB) Short Interest Up 81.6% in June

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

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Wall Street Zen upgraded shares of RTB Digital, Inc. Common Stock from a “sell” rating to a “hold” rating in a research note on Saturday. Weiss Ratings reiterated a “sell (e+)” rating on shares of RTB Digital, Inc. Common Stock in a research note on Tuesday, April 21st. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, RTB Digital, Inc. Common Stock presently has a consensus rating of “Reduce”.

Institutional Investors Weigh In On RTB Digital, Inc. Common Stock

Institutional investors and hedge funds have recently bought and sold shares of the business. NewEdge Advisors LLC raised its stake in shares of RTB Digital, Inc. Common Stock by 403,087.9% in the 4th quarter. NewEdge Advisors LLC now owns 701,547 shares of the company’s stock valued at $114,000 after buying an additional 701,373 shares in the last quarter. Jane Street Group LLC acquired a new position in RTB Digital, Inc. Common Stock in the fourth quarter worth about $28,000. HRT Financial LP bought a new position in RTB Digital, Inc. Common Stock during the fourth quarter worth about $25,000. Finally, Geode Capital Management LLC boosted its holdings in RTB Digital, Inc. Common Stock by 9.4% during the fourth quarter. Geode Capital Management LLC now owns 225,905 shares of the company’s stock valued at $40,000 after purchasing an additional 19,439 shares in the last quarter. Institutional investors own 17.37% of the company’s stock.

RTB Digital, Inc. Common Stock Stock Performance

NASDAQ:RTB opened at $16.31 on Friday. The firm’s 50-day moving average is $9.39 and its 200-day moving average is $7.02. The company has a market cap of $20.88 million, a price-to-earnings ratio of -0.56 and a beta of 2.15. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.04 and a current ratio of 1.04. RTB Digital, Inc. Common Stock has a 52-week low of $3.25 and a 52-week high of $20.75.

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

About RTB Digital, Inc. Common Stock

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.