Pagaya Technologies Ltd. (NASDAQ:PGYWW) Sees Significant Decrease in Short Interest

Pagaya Technologies Ltd. (NASDAQ:PGYWW) was the recipient of a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 400 shares, a decrease of 97.8% from the September 15th total of 17,871 shares. Based on an average trading volume of 22,118 shares, the short-interest ratio is currently 0.0 days.

Pagaya Technologies Stock Performance

PGYWW stock traded down $0.00 during midday trading on Friday, reaching $0.02. The stock had a trading volume of 279 shares, compared to its average volume of 87,954. The firm has a fifty day simple moving average of $0.02 and a two-hundred day simple moving average of $0.04. Pagaya Technologies has a 52-week low of $0.01 and a 52-week high of $0.59.

About Pagaya Technologies

Pagaya Technologies Ltd. is a financial technology company that uses artificial intelligence, machine learning and data analytics to connect lenders and institutional investors with credit and other asset opportunities. Its technology platform is designed to analyze large amounts of data, assess risk and support the origination, financing and management of assets.

The company provides an infrastructure platform for financial institutions, including banks, lenders and asset managers. Its applications have focused on consumer credit, personal loans, auto loans and residential real estate-related assets, helping partners expand access to financing while enabling institutional investors to gain exposure to diversified portfolios.

Pagaya was founded in 2016 by Gal Krubiner, Yossi Tzur and Eran Dinur.