Short Interest in Sezzle Inc. (NASDAQ:SEZL) Decreases By 21.3%

Sezzle Inc. (NASDAQ:SEZL) was the target of a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 172,200 shares, a decrease of 21.3% from the October 15th total of 218,900 shares. Currently, 5.5% of the shares of the company are sold short. Based on an average daily volume of 106,800 shares, the days-to-cover ratio is presently 1.6 days.

Insider Buying and Selling at Sezzle

In related news, SVP Justin Krause sold 1,500 shares of the stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $138.00, for a total transaction of $207,000.00. Following the sale, the senior vice president now owns 16,533 shares of the company’s stock, valued at approximately $2,281,554. This represents a 8.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Paul Martin Purcell sold 19,187 shares of Sezzle stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $127.51, for a total value of $2,446,534.37. Following the transaction, the director now directly owns 236,054 shares of the company’s stock, valued at $30,099,245.54. The trade was a 7.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 128,709 shares of company stock valued at $18,273,973 over the last three months. 57.65% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Sezzle

Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. purchased a new stake in shares of Sezzle during the 1st quarter valued at $13,369,000. Charles Schwab Investment Management Inc. raised 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 valued at $3,474,000 after purchasing an additional 13,383 shares in the last quarter. Navellier & Associates Inc. bought a new stake in Sezzle during the third quarter worth about $1,217,000. Bank of New York Mellon Corp purchased a new position in shares of Sezzle in the 2nd quarter worth about $611,000. Finally, XTX Topco Ltd bought a new position in shares of Sezzle during the 2nd quarter valued at about $544,000. 2.02% of the stock is currently owned by institutional investors.

Sezzle Price Performance

Shares of NASDAQ SEZL traded up $12.80 during midday trading on Friday, hitting $385.00. 70,328 shares of the company’s stock were exchanged, compared to its average volume of 88,755. The company has a current ratio of 2.40, a quick ratio of 2.07 and a debt-to-equity ratio of 1.54. The business’s fifty day moving average price is $207.12 and its two-hundred day moving average price is $130.32. The company has a market cap of $2.16 billion, a price-to-earnings ratio of 40.96 and a beta of 8.49. Sezzle has a 12-month low of $9.75 and a 12-month high of $454.16.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on SEZL shares. Northland Securities upped their target price on shares of Sezzle from $185.00 to $300.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. B. Riley upped their price target on shares of Sezzle from $132.00 to $163.00 and gave the stock a “buy” rating in a report on Friday, August 23rd.

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.