Pagaya Technologies Ltd. (NASDAQ:PGYWW) Sees Large Drop in Short Interest

Pagaya Technologies Ltd. (NASDAQ:PGYWW) was the target of a large decline in short interest in August. As of August 14th, there was short interest totaling 17,800 shares, a decline of 60.4% from the July 30th total of 44,972 shares. Based on an average daily volume of 42,514 shares, the days-to-cover ratio is currently 0.4 days.

Pagaya Technologies Stock Down 5.6%

PGYWW stock traded down $0.00 on Friday, hitting $0.02. 37,856 shares of the company’s stock traded hands, compared to its average volume of 94,196. Pagaya Technologies has a 1-year low of $0.02 and a 1-year high of $0.72. The stock has a fifty day moving average of $0.03 and a 200-day moving average of $0.06.

About Pagaya Technologies

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.