Payoneer Global Inc. (NASDAQ:PAYOW) Sees Significant Growth in Short Interest

Payoneer Global Inc. (NASDAQ:PAYOW) saw a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 5,900 shares, a growth of 555.6% from the February 29th total of 900 shares. Based on an average daily volume of 66,600 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On Payoneer Global

Several hedge funds have recently modified their holdings of the stock. Two Sigma Investments LP acquired a new stake in Payoneer Global in the fourth quarter valued at $68,000. Sea Otter Advisors LLC purchased a new position in shares of Payoneer Global in the first quarter valued at $90,000. CSS LLC IL increased its position in shares of Payoneer Global by 1,690.1% in the fourth quarter. CSS LLC IL now owns 282,024 shares of the company’s stock valued at $290,000 after buying an additional 266,269 shares in the last quarter. Finally, Ionic Capital Management LLC purchased a new position in shares of Payoneer Global in the first quarter valued at $572,000.

Payoneer Global Price Performance

Shares of PAYOW stock traded up $0.02 during trading hours on Thursday, hitting $0.27. The stock had a trading volume of 5,669 shares, compared to its average volume of 73,518. Payoneer Global has a twelve month low of $0.16 and a twelve month high of $1.04. The stock’s 50 day moving average is $0.29 and its 200 day moving average is $0.45.

Payoneer Global Company Profile

Payoneer Global Inc operates as a financial technology company. It operates a payment infrastructure platform that provides customers with a one-stop, global, multi-currency account to serve their accounts receivable and accounts payable needs. The company delivers a suite of services that includes cross-border payments, physical and virtual MasterCard cards, working capital, risk management, and other services.