Short Interest in Pagaya Technologies Ltd. (NASDAQ:PGY) Decreases By 22.7% – MarketBeat
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Pagaya Technologies Ltd. (NASDAQ:PGY – Get Rating) was the recipient of a significant decline in short interest during the month of September. As of September 30th, there was short interest totalling 633,200 shares, a decline of 22.7% from the September 15th total of 819,000 shares. Based on an average daily volume of 5,200,000 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.3% of the company’s stock are short sold.
Pagaya Technologies Trading Down 8.8 %
PGY stock traded down $0.13 on Friday, reaching $1.34. 1,827,400 shares of the company’s stock were exchanged, compared to its average volume of 3,158,690. The company has a fifty day moving average of $9.72. Pagaya Technologies has a twelve month low of $1.33 and a twelve month high of $34.50. The company has a debt-to-equity ratio of 0.13, a current ratio of 5.31 and a quick ratio of 5.31.
Analyst Ratings Changes
A number of equities research analysts have weighed in on the company. Wedbush assumed coverage on Pagaya Technologies in a research note on Wednesday. They issued a “neutral” rating and a $2.00 price objective for the company. Moffett Nathanson assumed coverage on Pagaya Technologies in a research note on Monday, September 12th. They issued a “market perform” rating and a $12.00 price objective for the company.
Institutional Trading of Pagaya Technologies
A number of institutional investors have recently bought and sold shares of PGY. Clal Insurance Enterprises Holdings Ltd purchased a new stake in shares of Pagaya Technologies in the second quarter valued at $160,964,000. Whale Rock Capital Management LLC purchased a new stake in shares of Pagaya Technologies in the second quarter valued at $48,660,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Pagaya Technologies in the second quarter valued at $6,270,000. Millennium Management LLC purchased a new stake in shares of Pagaya Technologies in the second quarter valued at $301,000. Finally, ExodusPoint Capital Management LP purchased a new stake in shares of Pagaya Technologies in the second quarter valued at $113,000.
About Pagaya Technologies
(Get Rating)
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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