Sezzle Inc. (NASDAQ:SEZL) Short Interest Update

Sezzle Inc. (NASDAQ:SEZL) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 159,700 shares, a growth of 84.8% from the November 30th total of 86,400 shares. Approximately 5.0% of the company’s stock are short sold. Based on an average daily volume of 117,900 shares, the days-to-cover ratio is currently 1.4 days.

Wall Street Analyst Weigh In

SEZL has been the subject of a number of research analyst reports. Northland Securities raised their price objective on shares of 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 issued a $372.00 price target (up previously from $353.00) on shares of Sezzle in a report on Thursday, December 19th.

Sezzle Stock Performance

Shares of SEZL stock traded down $7.25 during trading on Friday, reaching $265.06. 95,853 shares of the company’s stock traded hands, compared to its average volume of 92,933. Sezzle has a 1 year low of $16.23 and a 1 year high of $477.52. The company has a market capitalization of $1.49 billion, a P/E ratio of 28.20 and a beta of 9.23. 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 firm’s 50-day moving average is $315.50 and its 200 day moving average is $187.07.

Insider Transactions at Sezzle

In related news, Director Paul Paradis sold 4,026 shares of Sezzle stock in a transaction on Monday, November 18th. The stock was sold at an average price of $400.00, for a total transaction of $1,610,400.00. Following the sale, the director now directly owns 68,846 shares in the company, valued at approximately $27,538,400. This trade represents a 5.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Paul Martin Purcell sold 7,824 shares of the company’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $164.86, for a total value of $1,289,864.64. Following the completion of the transaction, the director now owns 82,776 shares of the company’s stock, valued at $13,646,451.36. This trade represents a 8.64 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 28,339 shares of company stock valued at $6,760,504 over the last ninety days. 57.65% of the stock is owned by company insiders.

Hedge Funds Weigh In On Sezzle

Hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp purchased a new stake in Sezzle during the 2nd quarter worth about $611,000. Rhumbline Advisers purchased a new stake in shares of Sezzle in the second quarter worth about $203,000. XTX Topco Ltd bought a new position in shares of Sezzle in the second quarter valued at approximately $544,000. Divisadero Street Capital Management LP purchased a new position in Sezzle during the second quarter valued at approximately $356,000. Finally, SG Americas Securities LLC bought a new stake in Sezzle during the 3rd quarter worth approximately $165,000. 2.02% of the stock is currently owned by hedge funds and other institutional investors.

About Sezzle

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.