Securitize Holdings (NYSE:SECZ) Shares Shorted: Short Interest Up 88.7% in September

Securitize Holdings (NYSE:SECZ) was the target 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. Currently, 3.7% of the shares of the stock are sold short. Based on an average daily volume of 7,364,395 shares, the short-interest ratio is presently 0.8 days.

Securitize Stock Performance

Shares of NYSE SECZ opened at $9.85 on Friday. Securitize has a 52-week low of $5.14 and a 52-week high of $17.01. The stock has a 50 day moving average price of $9.56.

Securitize (NYSE:SECZ) last posted its quarterly earnings data on Wednesday, August 12th. The company reported ($2.37) EPS for the quarter. The firm had revenue of $14.44 million for the quarter. On average, equities research analysts expect that Securitize will post -0.81 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on SECZ shares. Citigroup cut Securitize from a “buy” rating to a “neutral” rating and upped their target price for the stock from $10.00 to $14.00 in a report on Tuesday. Zacks Research raised shares of Securitize to a “hold” rating in a research note on Tuesday, September 22nd. Rosenblatt Securities boosted their price objective on shares of Securitize from $11.00 to $13.00 and gave the stock a “buy” rating in a research note on Monday, September 21st. Weiss Ratings began coverage on Securitize in a report on Friday, September 25th. They issued a “sell (d-)” rating for the company. 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 for the company. Five equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $14.37.

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.