Securitize Holdings (NYSE:SECZ) Stock Short Interest Climbs 88.7%

Securitize Holdings (NYSE:SECZ) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 5,962,586 shares, an increase of 88.7% from the September 15th total of 3,159,422 shares. Based on an average trading volume of 7,364,395 shares, the short-interest ratio is presently 0.8 days. Currently, 3.7% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Weiss Ratings initiated coverage on Securitize in a research report on Friday, September 25th. They issued a “sell (d-)” rating for the company. Benchmark reduced their price objective on Securitize from $16.00 to $10.00 and set a “buy” rating on the stock in a research note on Monday, August 17th. Citizens Jmp upped their price objective on Securitize from $15.00 to $17.00 and gave the company a “market outperform” rating in a research report on Friday, October 9th. Wall Street Zen lowered Securitize to a “strong sell” rating in a research note on Saturday, September 5th. Finally, Cantor Fitzgerald initiated coverage on Securitize in a research report on Monday, September 21st. They set an “overweight” rating and a $21.20 target price on the stock. Five investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $14.37.

Securitize Trading Down 13.2%

Shares of SECZ traded down $1.50 during midday trading on Friday, hitting $9.85. The stock had a trading volume of 3,324,890 shares, compared to its average volume of 2,962,017. The company’s 50 day moving average is $9.52. The stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of -3.97 and a beta of -0.13. Securitize has a 1 year low of $5.14 and a 1 year high of $17.01.

Securitize (NYSE:SECZ) last released its quarterly earnings results on Wednesday, August 12th. The company reported ($2.37) EPS for the quarter. The company had revenue of $14.44 million for the quarter. As a group, sell-side analysts predict that Securitize will post -0.81 earnings per share for the current year.

Securitize Company Profile

Securitize is a financial technology company that provides infrastructure for issuing, managing and trading digital securities. Its platform uses blockchain technology to represent ownership interests in assets such as private-company shares, private credit, real estate and investment funds as digital tokens.

The company offers services for issuers, investors and financial institutions, including digital securities issuance, investor onboarding, compliance administration, transfer-agent services and secondary-market trading.