System1, Inc. (NYSE:SST) Short Interest Update

System1, Inc. (NYSE:SST) was the target of a significant decrease in short interest in May. As of May 29th, there was short interest totaling 254,691 shares, a decrease of 40.6% from the May 14th total of 429,107 shares. Currently, 3.0% of the company’s stock are sold short. Based on an average daily volume of 200,390 shares, the days-to-cover ratio is presently 1.3 days.

Wall Street Analyst Weigh In

SST has been the topic of several research reports. Wall Street Zen lowered System1 from a “sell” rating to a “strong sell” rating in a research report on Sunday, May 17th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of System1 in a research report on Friday, May 8th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $10.00.

System1 Trading Up 6.0%

NYSE:SST opened at $3.05 on Wednesday. The stock’s 50 day moving average price is $3.16 and its 200 day moving average price is $3.47. System1 has a 52 week low of $1.35 and a 52 week high of $15.00. The company has a market capitalization of $30.36 million, a P/E ratio of -0.25 and a beta of 1.50. The company has a debt-to-equity ratio of 13.11, a quick ratio of 0.89 and a current ratio of 0.89.

Insider Activity

In related news, CFO Tridivesh Kidambi purchased 26,910 shares of System1 stock in a transaction dated Wednesday, April 15th. The stock was acquired at an average cost of $3.00 per share, with a total value of $80,730.00. Following the completion of the transaction, the chief financial officer directly owned 146,816 shares of the company’s stock, valued at $440,448. This trade represents a 22.44% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 13.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On System1

An institutional investor recently bought a new position in System1 stock. Citadel Advisors LLC purchased a new stake in shares of System1, Inc. (NYSE:SST) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 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 Company Profile

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.