June 28 (Reuters) - Spruce Point Capital Management is no longer holding a short position in Nuvei (NVEI.TO), the Canadian fintech firm backed by Ryan Reynolds, after the company's stock reached the short-seller's price target range. Spruce Point disclosed the decision in a tweet on Wednesday, sending U.S.-listed shares of Nuvei up nearly 1.4% at $28.75. In its short report in April, Spruce Point had alleged that Nuvei's $1.3 billion acquisition of Paya Holdings "appears troubled," as Paya was losing market share before the takeover. Both Toronto- and Nasdaq-listed shares of Nuvei have lost nearly a third of their value since Spruce Point disclosed its short position in April. Reporting by Niket Nishant in Bengaluru; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles.

---

Persons: Ryan Reynolds, Paya, Nuvei's, Niket, Maju Samuel Organizations: Capital Management, U.S, Paya Holdings, Toronto, Nasdaq, Nuvei, Thomson Locations: Nuvei, Montreal, Bengaluru