Paysafe Limited (NYSE:PSFE) Sees Significant Growth in Short Interest

Paysafe Limited (NYSE:PSFE - Get Free Report) saw a significant increase in short interest in the month of May. As of May 31st, there was short interest totalling 1,710,000 shares, an increase of 25.7% from the May 15th total of 1,360,000 shares. Based on an average trading volume of 399,000 shares, the days-to-cover ratio is presently 4.3 days. Approximately 5.7% of the company's stock are sold short.

Wall Street Analysts Forecast Growth

Several research firms have commented on PSFE. Susquehanna decreased their price target on shares of Paysafe from $17.00 to $15.00 and set a "neutral" rating for the company in a research report on Tuesday, April 22nd. Bank of America raised shares of Paysafe from an "underperform" rating to a "neutral" rating and set a $14.30 price target for the company in a research report on Friday, May 16th.

Paysafe Trading Down 2.6%

Shares of NYSE PSFE traded down $0.32 during trading on Friday, hitting $11.84. 743,316 shares of the company were exchanged, compared to its average volume of 336,500. Paysafe has a 12-month low of $11.60 and a 12-month high of $26.25. The company has a debt-to-equity ratio of 2.75, a quick ratio of 1.16 and a current ratio of 1.16. The company has a fifty day moving average price of $13.56 and a 200-day moving average price of $16.32. The firm has a market capitalization of $709.10 million, a PE ratio of -592.00, a P/E/G ratio of 0.36 and a beta of 1.79.

Institutional Investors Weigh In On Paysafe

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PSFE. Strs Ohio purchased a new stake in shares of Paysafe during the first quarter worth approximately $289,000. Empowered Funds LLC raised its stake in shares of Paysafe by 2.1% during the first quarter. Empowered Funds LLC now owns 255,804 shares of the company's stock worth $4,014,000 after purchasing an additional 5,200 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its stake in shares of Paysafe by 1.8% during the first quarter. Jacobs Levy Equity Management Inc. now owns 406,793 shares of the company's stock worth $6,383,000 after purchasing an additional 7,381 shares during the last quarter. Bridgeway Capital Management LLC raised its stake in shares of Paysafe by 1.1% during the first quarter. Bridgeway Capital Management LLC now owns 474,704 shares of the company's stock worth $7,448,000 after purchasing an additional 5,200 shares during the last quarter. Finally, Steamboat Capital Partners LLC raised its stake in shares of Paysafe by 20.4% during the first quarter. Steamboat Capital Partners LLC now owns 81,014 shares of the company's stock worth $1,271,000 after purchasing an additional 13,719 shares during the last quarter. Hedge funds and other institutional investors own 54.39% of the company's stock.

Paysafe Company Profile

Paysafe Limited provides end-to-end payment solutions in the United States, Germany, the United Kingdom, and internationally. Its payments platform offers a range of payment solutions comprising credit and debit card processing, digital wallet, eCash, and real-time banking solutions for entertainment verticals, such as iGaming, including online betting related to sports, e-sports, fantasy sports, poker, and other casino games, as well as travel, streaming/video gaming, retail/hospitality, and digital assets.