Securitize Holdings (NYSE:SECZ) Sees Large Growth in Short Interest

Securitize Holdings (NYSE:SECZ – Get Free Report) was the recipient of a significant increase in short interest in the month of 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. Currently, 9.1% of the shares of the company are sold short. Based on an average trading volume of 1,814,671 shares, the short-interest ratio is presently 1.5 days.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Rosenblatt Securities started coverage on Securitize in a research report on Wednesday, July 15th. They issued a “buy” rating and a $14.00 price objective on the stock. Citigroup started coverage on shares of Securitize in a report on Monday. They set a “buy” rating and a $10.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Strong Buy” and an average target price of $12.00.

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Securitize Price Performance

Shares of SECZ stock traded up $0.42 on Thursday, reaching $7.02. 963,397 shares of the company were exchanged, compared to its average volume of 1,543,488. Securitize has a 1 year low of $6.04 and a 1 year high of $13.70.

Securitize Company Profile

(Get Free Report)

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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