System1, Inc. (NYSE:SST) Sees Large 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. Based on an average daily trading volume, of 1,683,892 shares, the days-to-cover ratio is presently 0.2 days. Currently, 4.0% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on SST shares. Benchmark decreased their price target on System1 from $8.00 to $6.50 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Weiss Ratings lowered shares of System1 from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, September 3rd. Finally, Wall Street Zen upgraded shares of System1 to a “sell” rating in a report on Saturday. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, System1 has a consensus rating of “Hold” and a consensus price target of $6.50.

System1 Price Performance

Shares of NYSE SST opened at $2.75 on Tuesday. System1 has a 1 year low of $1.35 and a 1 year high of $9.30. The stock has a market capitalization of $28.85 million, a P/E ratio of -0.24 and a beta of 1.58. The company’s 50-day moving average is $2.50 and its 200 day moving average is $2.72. The company has a debt-to-equity ratio of 13.11, a current ratio of 0.77 and a quick ratio of 0.77.

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

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.