Sezzle Inc. (NASDAQ:SEZL) Sees Large Increase in Short Interest

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

Insider Activity

In other 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 transaction, the director now owns 68,846 shares in the company, valued at approximately $27,538,400. The trade was a 5.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Kyle M. Brehm purchased 106 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were bought at an average price of $402.00 per share, with a total value of $42,612.00. Following the completion of the acquisition, the director now 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 disclosure for this purchase can be found here. In the last quarter, insiders sold 7,707 shares of company stock worth $3,210,207. Corporate insiders own 57.65% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp bought a new stake in Sezzle during the second quarter worth approximately $611,000. Rhumbline Advisers acquired a new stake in shares of Sezzle in the second quarter worth $203,000. XTX Topco Ltd bought a new stake in shares of Sezzle during the 2nd quarter worth $544,000. Divisadero Street Capital Management LP acquired a new position in Sezzle in the 2nd quarter valued at $356,000. Finally, SG Americas Securities LLC bought a new position in Sezzle in the 3rd quarter worth $165,000. Institutional investors and hedge funds own 2.02% of the company’s stock.

Sezzle Stock Down 4.4 %

Sezzle stock traded down $11.47 during mid-day trading on Friday, hitting $251.04. 51,498 shares of the company’s stock were exchanged, compared to its average volume of 134,183. Sezzle has a 1-year low of $25.05 and a 1-year high of $477.52. The stock has a 50 day moving average of $327.29 and a two-hundred day moving average of $204.76. 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 cap of $1.41 billion, a P/E ratio of 26.67 and a beta of 9.72.

Wall Street Analysts Forecast Growth

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

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.