Paysafe Limited (NYSE:PSFE) Short Interest Update

Paysafe Limited (NYSE:PSFE - Get Free Report) was the recipient of 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. Currently, 5.7% of the company's shares are sold short. Based on an average daily volume of 399,000 shares, the days-to-cover ratio is presently 4.3 days.

Paysafe Stock Down 1.2%

Paysafe stock traded down $0.15 on Wednesday, hitting $12.11. 383,317 shares of the stock traded hands, compared to its average volume of 334,536. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.75. The firm has a market cap of $725.15 million, a P/E ratio of -605.40, a price-to-earnings-growth ratio of 0.36 and a beta of 1.79. The business's fifty day simple moving average is $13.66 and its 200 day simple moving average is $16.43. Paysafe has a 1 year low of $11.60 and a 1 year high of $26.25.

Hedge Funds Weigh In On Paysafe

Several institutional investors and hedge funds have recently modified their holdings of the stock. Principal Financial Group Inc. lifted its stake in Paysafe by 10.7% during the 4th quarter. Principal Financial Group Inc. now owns 37,727 shares of the company's stock valued at $645,000 after acquiring an additional 3,651 shares during the period. Quantbot Technologies LP bought a new position in Paysafe during the 4th quarter valued at about $169,000. Invesco Ltd. lifted its stake in Paysafe by 2.2% during the 4th quarter. Invesco Ltd. now owns 95,381 shares of the company's stock valued at $1,631,000 after acquiring an additional 2,050 shares during the period. Barclays PLC lifted its stake in Paysafe by 14.9% during the 4th quarter. Barclays PLC now owns 48,451 shares of the company's stock valued at $829,000 after acquiring an additional 6,284 shares during the period. Finally, Northern Trust Corp lifted its stake in Paysafe by 6.7% during the 4th quarter. Northern Trust Corp now owns 215,839 shares of the company's stock valued at $3,691,000 after acquiring an additional 13,626 shares during the period. 54.39% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on PSFE shares. Bank of America raised Paysafe from an "underperform" rating to a "neutral" rating and set a $14.30 price objective for the company in a research note on Friday, May 16th. Susquehanna dropped their price target on Paysafe from $17.00 to $15.00 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd.

About Paysafe

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.

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