Securitize Holdings (NYSE:SECZ – Get Free Report) was the recipient of a significant increase in short interest in July. As of July 15th, there was short interest totaling 2,796,871 shares, an increase of ∞ from the June 30th total of 0 shares. Based on an average trading volume of 1,814,671 shares, the days-to-cover ratio is presently 1.5 days. Approximately 9.1% of the company’s stock are short sold.
Securitize Stock Down 5.7%
Shares of NYSE SECZ traded down $0.41 during trading on Wednesday, hitting $6.67. The company had a trading volume of 644,147 shares, compared to its average volume of 1,667,425. Securitize has a fifty-two week low of $6.04 and a fifty-two week high of $13.70. The firm has a market cap of $204.09 million, a price-to-earnings ratio of -60.67 and a beta of 0.90.
Analyst Upgrades and Downgrades
A number of analysts have commented on the company. Rosenblatt Securities initiated coverage on Securitize in a research report on Wednesday, July 15th. They set a “buy” rating and a $14.00 price target for the company. Citigroup initiated coverage on shares of Securitize in a research report on Monday. They set a “buy” rating and a $10.00 target price for the company. One analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to MarketBeat.com, Securitize has a consensus rating of “Strong Buy” and an average target price of $12.00.
Securitize Company Profile
Securitize is a financial technology company that provides a platform for issuing, managing, and trading tokenized securities and other digital assets. The company focuses on helping issuers digitize assets on blockchain-based infrastructure while giving investors and intermediaries tools to support compliance, transferability, and recordkeeping.
Its products and services are designed for use across the lifecycle of digital securities, including issuance, investor onboarding, cap table and ownership management, and secondary trading support through regulated market infrastructure.
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