Short Interest in Pagaya Technologies Ltd. (NASDAQ:PGY) Declines By 42.7% – MarketBeat
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Pagaya Technologies Ltd. (NASDAQ:PGY – Get Rating) saw a large drop in short interest during the month of August. As of August 15th, there was short interest totalling 494,000 shares, a drop of 42.7% from the July 31st total of 862,700 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 4,410,000 shares, the short-interest ratio is currently 0.1 days.
Pagaya Technologies Stock Performance
Pagaya Technologies stock opened at $13.73 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 5.31 and a quick ratio of 5.31. The business’s 50 day moving average is $12.98. Pagaya Technologies has a 12 month low of $2.42 and a 12 month high of $34.50.
Institutional Investors Weigh In On Pagaya Technologies
A number of hedge funds have recently added to or reduced their stakes in PGY. Jane Street Group LLC acquired a new stake in Pagaya Technologies in the second quarter valued at $103,000. ExodusPoint Capital Management LP purchased a new position in shares of Pagaya Technologies in the 2nd quarter valued at about $113,000. Millennium Management LLC acquired a new stake in shares of Pagaya Technologies in the second quarter valued at about $301,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Pagaya Technologies during the second quarter worth about $6,270,000. Finally, Whale Rock Capital Management LLC acquired a new position in Pagaya Technologies during the second quarter worth about $48,660,000. Institutional investors and hedge funds own 70.82% of the company’s stock.
Pagaya Technologies Company Profile
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Pagaya Technologies Ltd. operates as a financial technology company in Israel, the United States, and the Cayman Islands. It develops and implements proprietary artificial intelligence technology and related software solutions to assist partners to originate loans and other assets. Its partners include high-growth financial technology companies, incumbent financial institutions, auto finance providers, and brokers.
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