Sezzle Inc. (NASDAQ:SEZL) Short Interest Up 26.3% in December

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

Sezzle Stock Performance

NASDAQ:SEZL traded down $37.51 during mid-day trading on Friday, reaching $225.00. 252,558 shares of the stock were exchanged, compared to its average volume of 126,677. The stock has a market capitalization of $1.26 billion, a P/E ratio of 23.94 and a beta of 9.72. Sezzle has a 1 year low of $25.05 and a 1 year high of $477.52. The company has a 50 day simple moving average of $323.40 and a 200-day simple moving average of $206.93. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 1.54.

Insider Buying and Selling at Sezzle

In other Sezzle news, Director Paul Paradis sold 4,026 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $400.00, for a total value of $1,610,400.00. Following the sale, the director now directly owns 68,846 shares in the company, valued at $27,538,400. This trade represents a 5.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kyle M. Brehm purchased 110 shares of the firm’s stock in a transaction on Thursday, December 5th. The shares were acquired at an average cost of $360.00 per share, with a total value of $39,600.00. Following the completion of the acquisition, the director now directly owns 3,718 shares in the company, valued at $1,338,480. The trade was a 3.05 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 7,707 shares of company stock valued at $3,210,207 in the last quarter. Corporate insiders own 57.65% of the company’s stock.

Hedge Funds Weigh In On Sezzle

A number of hedge funds have recently modified their holdings of SEZL. SG Americas Securities LLC boosted its stake in Sezzle by 22.2% during the 4th quarter. SG Americas Securities LLC now owns 1,184 shares of the company’s stock worth $303,000 after purchasing an additional 215 shares during the period. Covestor Ltd acquired a new stake in shares of Sezzle during the third quarter worth about $38,000. Modus Advisors LLC purchased a new position in shares of Sezzle during the fourth quarter worth about $80,000. MetLife Investment Management LLC increased its position in Sezzle by 129.2% in the 3rd quarter. MetLife Investment Management LLC now owns 1,446 shares of the company’s stock valued at $247,000 after acquiring an additional 815 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Sezzle during the 3rd quarter valued at approximately $188,000. 2.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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