Securitize Holdings (NYSE:SECZ) Stock Short Interest Report for September

Key Points

• Short interest surged 88.7% to 5.96 million shares as of September 30, representing 3.7% of Securitize’s outstanding stock; the short-interest ratio was 0.8 days.
• Analyst sentiment remains generally positive, with five Buy ratings, two Holds and one Sell. The consensus rating is Moderate Buy, with an average price target of $14.37.
• SECZ recently traded at $10.55, while Securitize reported a quarterly loss of $2.37 per share on $14.44 million in revenue; analysts expect a full-year loss of $0.81 per share.

Securitize Holdings (NYSE:SECZ - Get Free Report) was the target of a significant increase in short interest in 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 company's stock are short sold. Based on an average trading volume of 7,364,395 shares, the short-interest ratio is presently 0.8 days.

Analysts Set New Price Targets

A number of analysts have recently weighed in on SECZ shares. Wall Street Zen lowered Securitize to a "strong sell" rating in a research report on Saturday, September 5th. Rosenblatt Securities lifted their target price on Securitize from $11.00 to $13.00 and gave the company a "buy" rating in a report on Monday, September 21st. Cantor Fitzgerald began coverage on Securitize in a research note on Monday, September 21st. They set an "overweight" rating and a $21.20 target price for the company. Citizens Jmp boosted their target price on Securitize from $15.00 to $17.00 and gave the stock a "market outperform" rating in a research note on Friday, October 9th. Finally, Benchmark cut their price target on Securitize from $16.00 to $10.00 and set a "buy" rating on the stock in a report on Monday, August 17th. Five investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $14.37.

Securitize Price Performance

SECZ stock opened at $10.55 on Thursday. The stock's 50 day moving average price is $9.44. The stock has a market capitalization of $1.72 billion, a price-to-earnings ratio of -4.25 and a beta of -0.13. Securitize has a fifty-two week low of $5.14 and a fifty-two week high of $17.01.

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

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