S3 and SRAX partner to offer short-interest data on Sequire
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S3 and SRAX partner to offer short-interest data on Sequire 26 August 2021US Reporter: Bob Currie
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SRAX has partnered with S3 to provide information on how short interest and securities finance markets can impact equities pricing.
This collaboration adds S3 Partners’s short interest data onto SRAX’s software-as-a-service solution Sequire, an investor intelligence and communications solution that enables users to monitor investor behaviour through data held on the platform.
Sequire’s proprietary data provides insights to issuers regarding who is investing in their stock and at what volume. The addition of short interest data provides an extra reference point regarding market trends and the potential direction of travel of the share price.
S3 Partners says that its short interest data provides transparency to all sides of the stock loan market with “the only independent and unbiased bid, offer and last rates for securities financing”.
“We are excited to offer a fully integrated user experience to companies on the Sequire platform that allows them to access and utilise S3’s data and insights to better engage with shareholders,” says S3 Partners’ chief revenue officer Palak Patel.
“This collaboration helps to level the playing field for corporate customers by providing them with the same timely and quality information that many of their investors use to express views on the company’s share price,” he adds.
“Understanding short data is an integral part of understanding what is going on in any company’s stock,” says SRAX founder and CEO Christopher Miglino. “This feature is one of the most requested features from our clients.”
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