Getty Images Holdings, Inc. (NYSE:GETY) Short Interest Up 36.8% in February

Getty Images Holdings, Inc. (NYSE:GETY) saw a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 15,807,775 shares, an increase of 36.8% from the February 12th total of 11,557,974 shares. Approximately 4.3% of the company’s stock are short sold. Based on an average daily trading volume, of 8,936,140 shares, the days-to-cover ratio is presently 1.8 days. Based on an average daily trading volume, of 8,936,140 shares, the days-to-cover ratio is presently 1.8 days. Approximately 4.3% of the company’s stock are short sold.

Insider Buying and Selling

In other Getty Images news, CEO Craig Warren Peters sold 31,298 shares of the company’s stock in a transaction on Wednesday, December 24th. The stock was sold at an average price of $1.27, for a total transaction of $39,748.46. Following the completion of the sale, the chief executive officer owned 1,215,438 shares in the company, valued at $1,543,606.26. This represents a 2.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 74,919 shares of company stock valued at $95,147 over the last ninety days. Insiders own 12.50% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC raised its stake in Getty Images by 47.2% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 15,870 shares of the company’s stock valued at $33,000 after buying an additional 5,089 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Getty Images by 16.1% during the second quarter. The Manufacturers Life Insurance Company now owns 49,458 shares of the company’s stock valued at $82,000 after acquiring an additional 6,856 shares in the last quarter. Alliancebernstein L.P. increased its holdings in shares of Getty Images by 12.4% during the third quarter. Alliancebernstein L.P. now owns 80,520 shares of the company’s stock valued at $159,000 after acquiring an additional 8,900 shares in the last quarter. Intech Investment Management LLC raised its position in shares of Getty Images by 14.7% in the 4th quarter. Intech Investment Management LLC now owns 71,564 shares of the company’s stock valued at $96,000 after purchasing an additional 9,173 shares during the last quarter. Finally, Polymer Capital Management US LLC raised its position in shares of Getty Images by 7.9% in the 3rd quarter. Polymer Capital Management US LLC now owns 136,798 shares of the company’s stock valued at $271,000 after purchasing an additional 10,007 shares during the last quarter. 45.75% of the stock is owned by institutional investors and hedge funds.

Getty Images Stock Down 5.4%

Shares of GETY stock traded down $0.04 during trading hours on Friday, reaching $0.73. 1,779,736 shares of the company’s stock were exchanged, compared to its average volume of 5,377,613. Getty Images has a fifty-two week low of $0.67 and a fifty-two week high of $3.21. The stock’s 50 day moving average is $1.06 and its 200-day moving average is $1.52. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 1.96. The company has a market cap of $303.16 million, a price-to-earnings ratio of -3.31 and a beta of 2.13.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Citigroup reduced their price target on Getty Images from $1.85 to $0.85 and set a “neutral” rating for the company in a research report on Monday, February 23rd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Getty Images in a research report on Thursday, January 22nd. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $3.78.

About Getty Images

Getty Images (NYSE: GETY) is a leading global provider of digital visual content, offering an extensive library of stock photography, editorial imagery, video footage and music. The company supplies creative and rights-managed assets to a broad range of industries, including advertising, media, corporate communications and publishing. Through its online platform and licensing services, Getty Images enables customers to search, license and download multimedia content for commercial and editorial use.

Founded in 1995 by Mark Getty and Jonathan Klein, Getty Images pioneered the aggregation of photographic archives into a centralized, digital marketplace.