Fintech SRAX adds S3 short interest data to platform

SRAX announced its platform users will have access to data from S3 Partners showing how short interest and securities finance markets can impact the stock price of their company. SRAX’s platform is called Sequire, and companies can track their investors’ behaviors and trends. S3’s short interest data will be added to existing datasets that provide issuers insights such as who is buying their stock and at what volume.

The institutional investment community has long used short interest data as an indicator to gauge investor sentiment for a company’s stock price. S3 wants the corporate community to know that they’ve created a version of their product that gives them the data and tools they need to understand how investors are viewing their company’s performance.

Palak Patel, chief revenue officer at S3, said in a statement: “This collaboration helps to level the playing field for corporate users by providing them with the same timely and quality information that many of their investors use to express views on their company’s share price”.

“Understanding short data is an integral part of understanding what is going on in any company’s stock. This feature is one of the most requested features from our clients,” said Christopher Miglino, founder and CEO of SRAX, in a statement.

Source

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