Short Interest in Sezzle Inc. (NASDAQ:SEZL) Expands By 26.3%

Sezzle Inc. (NASDAQ:SEZL) was the recipient of a significant growth in short interest in December. As of December 31st, there was short interest totalling 201,700 shares, a growth of 26.3% from the December 15th total of 159,700 shares. Based on an average daily volume of 124,600 shares, the days-to-cover ratio is currently 1.6 days. Currently, 6.4% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Northland Securities lifted their price target on Sezzle from $300.00 to $360.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. B. Riley reaffirmed a “buy” rating and set a $372.00 target price (up from $353.00) on shares of Sezzle in a research note on Thursday, December 19th.

Insider Buying and Selling

In other Sezzle news, Director Kyle M. Brehm bought 106 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were acquired at an average cost of $402.00 per share, with a total value of $42,612.00. Following the purchase, the director now directly owns 3,608 shares of the company’s stock, valued at $1,450,416. This trade represents a 3.03 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Paul Martin Purcell sold 1,280 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $376.26, for a total value of $481,612.80. Following the completion of the sale, the director now owns 81,496 shares of the company’s stock, valued at $30,663,684.96. This trade represents a 1.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,707 shares of company stock worth $3,210,207. 57.65% of the stock is owned by corporate insiders.

Institutional Trading of Sezzle

Hedge funds and other institutional investors have recently modified their holdings of the business. Bank of New York Mellon Corp purchased a new stake in shares of Sezzle in the 2nd quarter valued at $611,000. Rhumbline Advisers purchased a new stake in Sezzle during the second quarter worth about $203,000. XTX Topco Ltd acquired a new stake in shares of Sezzle during the second quarter worth about $544,000. Divisadero Street Capital Management LP purchased a new position in shares of Sezzle in the second quarter valued at approximately $356,000. Finally, SG Americas Securities LLC acquired a new position in shares of Sezzle in the third quarter valued at approximately $165,000. 2.02% of the stock is owned by institutional investors and hedge funds.

Sezzle Trading Down 14.3 %

SEZL stock traded down $37.51 during midday trading on Friday, hitting $225.00. 252,558 shares of the company’s stock were exchanged, compared to its average volume of 126,677. Sezzle has a 1-year low of $25.05 and a 1-year high of $477.52. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 1.54. The stock has a market capitalization of $1.26 billion, a PE ratio of 23.94 and a beta of 9.72. The business has a 50-day simple moving average of $323.40 and a two-hundred day simple moving average of $206.93.

Sezzle Company Profile

Sezzle Inc operates as a technology-enabled payments company primarily in the United States and Canada. The company provides payment solution in-store and at online retail stores; and through proprietary payments solution that connects consumers with merchants. It also offers Sezzle Platform that provides a payments solution for consumers that extends credit at the point-of-sale allowing consumers to purchase and receive the ordered merchandise at the time of sale while paying in installments over time; Pay-in-Four, which allows consumers to pay a fourth of the purchase price up front and then another fourth of the purchase price every two weeks thereafter over a total of six weeks; Pay-in-Full that allows consumers to pay for the full value of their order up-front through the Sezzle Platform without the extension of credit; and Pay-in-Two and other alternative installment options, which allow consumer to pay half of the value of their order up-front and the second half in two weeks.