Short Interest in System1, Inc. (NYSE:SST) Declines By 40.6%
by Amy Steele · The Cerbat GemSystem1, Inc. (NYSE:SST – Get Free Report) was the recipient of a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 254,691 shares, a drop of 40.6% from the May 14th total of 429,107 shares. Based on an average daily volume of 200,390 shares, the short-interest ratio is currently 1.3 days. Approximately 3.0% of the company’s stock are sold short.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of System1 in a report on Friday, May 8th. Wall Street Zen lowered shares of System1 from a “sell” rating to a “strong sell” rating in a report on Sunday, May 17th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, System1 has an average rating of “Hold” and a consensus price target of $10.00.
Check Out Our Latest Stock Analysis on System1
Insider Activity
In other System1 news, CFO Tridivesh Kidambi bought 26,910 shares of the stock in a transaction dated Wednesday, April 15th. The stock was purchased at an average cost of $3.00 per share, for a total transaction of $80,730.00. Following the completion of the acquisition, the chief financial officer owned 146,816 shares of the company’s stock, valued at approximately $440,448. This trade represents a 22.44% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 13.20% of the company’s stock.
Hedge Funds Weigh In On System1
A hedge fund recently bought a new stake in System1 stock. Citadel Advisors LLC acquired a new position in System1, Inc. (NYSE:SST – Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 10,056 shares of the company’s stock, valued at approximately $71,000. Citadel Advisors LLC owned about 0.10% of System1 as of its most recent SEC filing. 87.50% of the stock is owned by institutional investors and hedge funds.
System1 Stock Down 2.1%
NYSE SST traded down $0.06 during mid-day trading on Monday, reaching $2.92. The stock had a trading volume of 64,250 shares, compared to its average volume of 162,121. System1 has a 1 year low of $1.35 and a 1 year high of $15.00. The stock has a market cap of $28.99 million, a PE ratio of -0.24 and a beta of 1.50. The company has a fifty day moving average price of $3.17 and a 200 day moving average price of $3.48. The company has a debt-to-equity ratio of 13.11, a current ratio of 0.89 and a quick ratio of 0.89.
About System1
System1, Inc (NYSE: SST) is a technology-driven marketing company that leverages machine learning and first-party consumer intent data to connect advertisers with potential customers. Headquartered in Venice, California, System1 focuses on developing automated, data-powered solutions to drive performance marketing across digital channels. The company’s platform captures real-time consumer insights and applies predictive analytics to optimize ad delivery and improve campaign efficiency.
The business operates through two primary segments: Consumer Acquisition and Consumer Research.