Payoneer Global (NASDAQ:PAYOW) Shares Down 3.8%

Payoneer Global Inc. (NASDAQ:PAYOW)’s share price was down 3.8% on Wednesday . The stock traded as low as $0.23 and last traded at $0.24. Approximately 8,306 shares traded hands during mid-day trading, a decline of 87% from the average daily volume of 62,323 shares. The stock had previously closed at $0.25.

Payoneer Global Stock Up 3.1 %

The firm’s fifty day moving average is $0.28 and its two-hundred day moving average is $0.38.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Ionic Capital Management LLC bought a new position in shares of Payoneer Global during the 1st quarter valued at about $572,000. CSS LLC IL raised its position in shares of Payoneer Global by 1,690.1% during the 4th 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. Sea Otter Advisors LLC purchased a new stake in shares of Payoneer Global during the 1st quarter valued at about $90,000. Finally, Two Sigma Investments LP purchased a new stake in shares of Payoneer Global during the 4th quarter valued at about $68,000.

About Payoneer Global

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.