Riskified Ltd. (NYSE:RSKD) Short Interest Up 49.9% in March

Riskified Ltd. (NYSE:RSKD - Get Free Report) was the recipient of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 1,260,000 shares, a growth of 49.9% from the February 28th total of 840,400 shares. Currently, 1.5% of the company's stock are sold short. Based on an average daily volume of 527,600 shares, the short-interest ratio is presently 2.4 days.

Riskified Trading Down 4.3 %

Riskified stock traded down $0.21 during trading on Thursday, hitting $4.56. 559,124 shares of the company were exchanged, compared to its average volume of 652,445. The company has a market capitalization of $734.31 million, a P/E ratio of -22.77 and a beta of 1.37. The business's 50 day moving average is $5.07 and its 200 day moving average is $4.83. Riskified has a 52 week low of $4.14 and a 52 week high of $6.65.

Hedge Funds Weigh In On Riskified

A number of hedge funds have recently bought and sold shares of the company. Monimus Capital Management LP bought a new position in shares of Riskified during the fourth quarter valued at about $3,428,000. Millennium Management LLC lifted its position in shares of Riskified by 171.0% during the 4th quarter. Millennium Management LLC now owns 766,977 shares of the company's stock worth $3,628,000 after buying an additional 483,975 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Riskified during the 3rd quarter worth approximately $1,438,000. Harvey Partners LLC boosted its stake in shares of Riskified by 9.7% in the 3rd quarter. Harvey Partners LLC now owns 3,227,500 shares of the company's stock worth $15,266,000 after buying an additional 286,500 shares during the last quarter. Finally, Marshall Wace LLP bought a new position in shares of Riskified in the fourth quarter valued at approximately $823,000. 58.98% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Piper Sandler restated an "overweight" rating and issued a $7.00 target price on shares of Riskified in a research note on Monday, March 17th. DA Davidson raised Riskified from a "neutral" rating to a "buy" rating and upped their target price for the stock from $5.00 to $7.00 in a research report on Monday, March 3rd. The Goldman Sachs Group increased their target price on Riskified from $4.00 to $4.50 and gave the stock a "sell" rating in a report on Thursday, March 6th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Riskified from $7.00 to $6.00 and set a "neutral" rating for the company in a research note on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $5.78.

Riskified Company Profile

Riskified Ltd., together with its subsidiaries, develops and offers an e-commerce risk management platform that allows online merchants to create trusted relationships with consumers in the United States, Europe, the Middle East, Africa, the Asia-Pacific, and the Americas. It offers Chargeback Guarantee that ensures the legitimacy of merchants' online orders; Policy Protect, a machine learning solution designed to detect and prevent refund and returns policy abuse in real-time; Account Secure, a solution that cross-checks every login attempt; Dispute Resolve, which is used to compile submissions for fraud and non-fraud related chargeback issues; and PSD2 Optimize that helps merchants avoid bank authorization failures and abandoned shopping carts.