Paysafe Limited (NYSE:PSFE) stock rose on Tuesday after the payments firm delivered a strong earnings beat and steady organic growth across key segments.
The rally was likely magnified by elevated short interest, with 37.33% of the public float sold short, signaling substantial bearish positioning that may have fueled a squeeze.
The company reported fourth-quarter adjusted earnings per share of 46 cents, beating the analyst consensus estimate of 36 cents. Quarterly sales of $438.355 million (an increase of 4% year over year) missed the Street view of $441.029 million.
Quarter In Detail
The results included a headwind of $12.9 million related to the disposed direct marketing payments processing business line.
Organic revenue growth …