Short Interest in Pagaya Technologies Ltd. (NASDAQ:PGYWW) Decreases By 36.8%

Pagaya Technologies Ltd. (NASDAQ:PGYWW) saw a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 44,972 shares, a drop of 36.8% from the July 15th total of 71,127 shares. Based on an average daily volume of 50,356 shares, the days-to-cover ratio is currently 0.9 days.

Pagaya Technologies Trading Up 8.5%

NASDAQ PGYWW traded up $0.00 on Wednesday, reaching $0.03. 4,919 shares of the stock traded hands, compared to its average volume of 96,149. Pagaya Technologies has a 12 month low of $0.02 and a 12 month high of $0.72. The company has a fifty day moving average price of $0.04 and a 200-day moving average price of $0.07.

Pagaya Technologies Company Profile

Pagaya Technologies is a financial technology company that leverages artificial intelligence and machine learning to transform credit and asset management. By ingesting vast amounts of structured and alternative data, Pagaya’s platform is designed to assess credit risk more accurately than traditional underwriting methods. The company uses proprietary algorithms to analyze patterns in borrower behavior and market dynamics, enabling its clients to make data-driven decisions across consumer, small-business and other lending verticals.

Pagaya offers its services through a cloud-based asset management platform that supports the full credit lifecycle, from loan origination and risk assessment to portfolio selection and securitization.