Sezzle Inc. (NASDAQ:SEZL) Short Interest Down 21.3% in October

Sezzle Inc. (NASDAQ:SEZL) saw a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 172,200 shares, a drop of 21.3% from the October 15th total of 218,900 shares. Based on an average daily trading volume, of 106,800 shares, the short-interest ratio is currently 1.6 days. Approximately 5.5% of the company’s shares are sold short.

Insider Activity

In related news, COO Amin Sabzivand sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $205.57, for a total transaction of $308,355.00. Following the completion of the sale, the chief operating officer now directly owns 46,860 shares of the company’s stock, valued at $9,633,010.20. The trade was a 3.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Paul Martin Purcell sold 19,187 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $127.51, for a total value of $2,446,534.37. Following the completion of the sale, the director now owns 236,054 shares of the company’s stock, valued at $30,099,245.54. This represents a 7.52 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 128,709 shares of company stock valued at $18,273,973. Company insiders own 57.65% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Covestor Ltd bought a new position in Sezzle during the third quarter worth about $38,000. MetLife Investment Management LLC grew its position in shares of Sezzle by 129.2% during the 3rd quarter. MetLife Investment Management LLC now owns 1,446 shares of the company’s stock worth $247,000 after purchasing an additional 815 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Sezzle during the third quarter worth approximately $165,000. Verition Fund Management LLC acquired a new stake in shares of Sezzle in the third quarter valued at approximately $274,000. Finally, State Street Corp boosted its stake in shares of Sezzle by 3.5% in the third quarter. State Street Corp now owns 49,362 shares of the company’s stock valued at $8,421,000 after buying an additional 1,683 shares during the period. 2.02% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on SEZL shares. B. Riley boosted their price objective on shares of Sezzle from $132.00 to $163.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Northland Securities upped their price objective on Sezzle from $185.00 to $300.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th.

Sezzle Stock Up 3.4 %

SEZL traded up $12.80 on Friday, hitting $385.00. 70,296 shares of the company were exchanged, compared to its average volume of 88,755. The stock’s fifty day moving average is $201.95 and its 200-day moving average is $128.02. Sezzle has a 12 month low of $9.75 and a 12 month high of $454.16. The company has a debt-to-equity ratio of 1.54, a quick ratio of 2.07 and a current ratio of 2.40. The company has a market cap of $2.16 billion, a PE ratio of 39.55 and a beta of 8.49.

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.