System1, Inc. (NYSE:SST) Sees Significant Growth in Short Interest

System1, Inc. (NYSE:SST) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 373,269 shares, a growth of 90.6% from the August 31st total of 195,844 shares. Currently, 4.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,683,892 shares, the days-to-cover ratio is presently 0.2 days.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Benchmark reduced their target price on System1 from $8.00 to $6.50 and set a “buy” rating on the stock in a report on Thursday, August 6th. Weiss Ratings cut System1 from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, September 3rd. Finally, Wall Street Zen upgraded System1 to a “sell” rating in a research report on Saturday. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $6.50.

System1 Trading Down 2.7%

SST stock traded down $0.07 during trading on Wednesday, hitting $2.63. The company had a trading volume of 41,282 shares, compared to its average volume of 1,337,847. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 13.11. The firm has a 50-day moving average price of $2.52 and a 200-day moving average price of $2.72. System1 has a 12 month low of $1.35 and a 12 month high of $9.30. The stock has a market cap of $27.57 million, a price-to-earnings ratio of -0.23 and a beta of 1.58.

System1 (NYSE:SST) last posted its quarterly earnings data on Wednesday, August 5th. The company reported ($1.54) earnings per share (EPS) for the quarter. The firm had revenue of $30.20 million for the quarter. System1 had a negative return on equity of 439.90% and a negative net margin of 50.66%.

About System1

System1, Inc is a technology and digital marketing company focused on customer acquisition. The company operates a data-driven marketing platform designed to help advertisers identify, reach and convert high-intent consumers across digital channels.

Its core platform, known as the Responsive Acquisition Marketing Platform, or RAMP, uses data, predictive models and machine learning to support customer acquisition campaigns. System1 works with advertising partners and publishers to generate traffic and leads, with activities spanning search, social media, display advertising and other online marketing formats.

The company also operates and develops consumer-focused digital media properties and websites that attract users and support its advertising and subscription businesses.