Short Interest in Sezzle Inc. (NASDAQ:SEZL) Drops By 21.3%

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

Insider Activity

In other news, Director Paul Martin Purcell sold 500 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $127.12, for a total value of $63,560.00. Following the completion of the sale, the director now owns 208,738 shares of the company’s stock, valued at approximately $26,534,774.56. The trade was a 0.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Justin Krause sold 1,500 shares of Sezzle stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $138.00, for a total value of $207,000.00. Following the completion of the transaction, the senior vice president now directly owns 16,533 shares in the company, valued at $2,281,554. This trade represents a 8.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 128,709 shares of company stock valued at $18,273,973. Corporate insiders own 57.65% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in SEZL. Covestor Ltd bought a new stake in shares of Sezzle during the 3rd quarter valued at about $38,000. MetLife Investment Management LLC lifted its holdings in Sezzle by 129.2% in the third quarter. MetLife Investment Management LLC now owns 1,446 shares of the company’s stock worth $247,000 after buying an additional 815 shares during the period. SG Americas Securities LLC bought a new stake in Sezzle during the 3rd quarter valued at approximately $165,000. Verition Fund Management LLC purchased a new position in shares of Sezzle during the 3rd quarter worth approximately $274,000. Finally, State Street Corp raised its position in shares of Sezzle by 3.5% in the 3rd quarter. State Street Corp now owns 49,362 shares of the company’s stock worth $8,421,000 after acquiring an additional 1,683 shares in the last quarter. 2.02% of the stock is owned by hedge funds and other institutional investors.

Sezzle Trading Up 3.4 %

Shares of SEZL traded up $12.80 during mid-day trading on Friday, hitting $385.00. 70,328 shares of the company’s stock traded hands, compared to its average volume of 88,755. The company has a quick ratio of 2.07, a current ratio of 2.40 and a debt-to-equity ratio of 1.54. The firm has a market capitalization of $2.16 billion, a P/E ratio of 40.96 and a beta of 8.49. The business’s 50-day moving average price is $207.12 and its 200-day moving average price is $130.32. Sezzle has a 1 year low of $9.75 and a 1 year high of $454.16.

Wall Street Analyst Weigh In

Several brokerages have weighed in on SEZL. Northland Securities increased their price target on shares of Sezzle from $185.00 to $300.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. B. Riley increased their target price on shares of Sezzle from $132.00 to $163.00 and gave the stock a “buy” rating in a report on Friday, August 23rd.

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.