Sezzle Inc. (NASDAQ:SEZL) Short Interest Up 24.8% in January

Sezzle Inc. (NASDAQ:SEZL) saw a large growth in short interest in January. As of January 31st, there was short interest totalling 344,700 shares, a growth of 24.8% from the January 15th total of 276,300 shares. Currently, 11.0% of the shares of the company are short sold. Based on an average daily volume of 137,200 shares, the days-to-cover ratio is presently 2.5 days.

Sezzle Stock Up 1.5 %

Shares of NASDAQ SEZL traded up $5.16 during mid-day trading on Friday, reaching $340.16. The company had a trading volume of 187,253 shares, compared to its average volume of 114,665. Sezzle has a twelve month low of $38.22 and a twelve month high of $477.52. The company has a debt-to-equity ratio of 1.54, a quick ratio of 2.40 and a current ratio of 2.40. The stock has a market capitalization of $1.91 billion, a PE ratio of 36.19 and a beta of 9.56. The stock’s 50 day moving average is $263.12 and its 200-day moving average is $229.22.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on SEZL shares. Northland Securities increased their price objective 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. B. Riley reiterated a “buy” rating and issued a $372.00 price objective (up from $353.00) on shares of Sezzle in a report on Thursday, December 19th.

Insider Buying and Selling at Sezzle

In related news, Director Kyle M. Brehm acquired 106 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was purchased at an average cost of $402.00 per share, for a total transaction of $42,612.00. Following the transaction, the director now directly owns 3,608 shares of the company’s stock, valued at approximately $1,450,416. This trade represents a 3.03 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Paul Martin Purcell sold 2,401 shares of the company’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $465.72, for a total value of $1,118,193.72. Following the sale, the director now owns 58,275 shares of the company’s stock, valued at approximately $27,139,833. The trade was a 3.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,884 shares of company stock valued at $3,822,112. 57.65% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Sezzle

Hedge funds have recently modified their holdings of the stock. Plato Investment Management Ltd acquired a new position in shares of Sezzle in the fourth quarter worth $30,000. Meeder Asset Management Inc. acquired a new position in Sezzle during the fourth quarter worth $31,000. Federated Hermes Inc. increased its position in Sezzle by 3,575.0% during the fourth quarter. Federated Hermes Inc. now owns 147 shares of the company’s stock worth $38,000 after buying an additional 143 shares during the last quarter. Covestor Ltd acquired a new position in Sezzle during the third quarter worth $38,000. Finally, Modus Advisors LLC bought a new stake in Sezzle during the fourth quarter valued at about $80,000. 2.02% of the stock is owned by institutional investors and hedge funds.

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.