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

Securitize Holdings (NYSE:SECZ) was the recipient of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 2,796,871 shares, a growth of ? from the June 30th total of 0 shares. Based on an average trading volume of 1,814,671 shares, the days-to-cover ratio is presently 1.5 days. Currently, 9.1% of the company’s shares are short sold.

Wall Street Analyst Weigh In

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

Securitize Stock Performance

Shares of SECZ traded down $0.37 during midday trading on Friday, hitting $6.70. The company had a trading volume of 690,338 shares, compared to its average volume of 1,582,410. The company has a market capitalization of $204.89 million, a P/E ratio of -60.91 and a beta of 0.90. Securitize has a 52 week low of $6.04 and a 52 week high of $13.70.

About Securitize

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.