Sezzle Inc. (NASDAQ:SEZL) Short Interest Update

Sezzle Inc. (NASDAQ:SEZL) saw a significant increase in short interest in the month of 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. Approximately 6.4% of the company’s shares are sold short. Based on an average daily volume of 124,600 shares, the days-to-cover ratio is presently 1.6 days.

Sezzle Stock Performance

NASDAQ SEZL traded up $2.94 during trading hours on Thursday, hitting $262.51. 275,471 shares of the stock were exchanged, compared to its average volume of 143,577. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 1.54. Sezzle has a 12-month low of $20.83 and a 12-month high of $477.52. The company has a market cap of $1.47 billion, a price-to-earnings ratio of 27.93 and a beta of 9.72. The stock has a 50-day moving average of $327.29 and a 200 day moving average of $204.76.

Insider Buying and Selling at Sezzle

In related news, Director Kyle M. Brehm acquired 110 shares of the firm’s stock in a transaction dated Thursday, December 5th. The stock was acquired at an average price of $360.00 per share, for a total transaction of $39,600.00. Following the purchase, the director now owns 3,718 shares of the company’s stock, valued at $1,338,480. This represents a 3.05 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Paul Martin Purcell sold 1,280 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $376.26, for a total transaction of $481,612.80. Following the transaction, 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 7,707 shares of company stock valued at $3,210,207 over the last quarter. 57.65% of the stock is owned by company insiders.

Institutional Investors Weigh In On Sezzle

Several institutional investors have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. grew its position in Sezzle by 191.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 20,363 shares of the company’s stock worth $3,474,000 after buying an additional 13,383 shares during the period. Barclays PLC boosted its stake in shares of Sezzle by 125.4% during the third quarter. Barclays PLC now owns 4,515 shares of the company’s stock valued at $771,000 after acquiring an additional 2,512 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Sezzle during the 3rd quarter worth about $276,000. Principal Financial Group Inc. purchased a new stake in Sezzle in the 3rd quarter worth approximately $548,000. Finally, Navellier & Associates Inc. purchased a new stake in shares of Sezzle in the third quarter valued at $1,217,000. 2.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on SEZL shares. Northland Securities upped their price objective on Sezzle from $300.00 to $360.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. B. Riley restated a “buy” rating and issued a $372.00 price objective (up from $353.00) on shares of Sezzle in a research note on Thursday, December 19th.

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.