Short Interest in Rush Street Interactive, Inc. (NYSE:RSI) Declines By 25.8%

Rush Street Interactive, Inc. (NYSE:RSI) saw a large decline in short interest in the month of December. As of December 31st, there was short interest totaling 5,958,635 shares, a decline of 25.8% from the December 15th total of 8,026,856 shares. Based on an average daily trading volume, of 1,487,824 shares, the days-to-cover ratio is currently 4.0 days. Currently, 6.0% of the company’s shares are short sold. Currently, 6.0% of the company’s shares are short sold. Based on an average daily trading volume, of 1,487,824 shares, the days-to-cover ratio is currently 4.0 days.

Rush Street Interactive Stock Performance

RSI traded down $0.42 during trading hours on Friday, reaching $19.31. The company’s stock had a trading volume of 1,564,284 shares, compared to its average volume of 1,263,070. The company’s 50-day moving average is $18.68 and its 200-day moving average is $18.70. Rush Street Interactive has a 52 week low of $9.54 and a 52 week high of $22.65. The firm has a market cap of $4.43 billion, a PE ratio of 77.24 and a beta of 1.57.

Rush Street Interactive (NYSE:RSI) last released its quarterly earnings data on Wednesday, October 29th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.07 by $0.02. The firm had revenue of $277.91 million for the quarter, compared to the consensus estimate of $264.60 million. Rush Street Interactive had a net margin of 2.83% and a return on equity of 17.11%. The company’s quarterly revenue was up 19.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.05 earnings per share. Equities analysts anticipate that Rush Street Interactive will post 0.04 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Needham & Company LLC boosted their target price on Rush Street Interactive from $21.00 to $23.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Susquehanna boosted their price objective on shares of Rush Street Interactive from $22.00 to $23.00 and gave the stock a “positive” rating in a research report on Tuesday, December 16th. Jefferies Financial Group increased their target price on shares of Rush Street Interactive from $26.00 to $27.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Wall Street Zen raised shares of Rush Street Interactive from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 7th. Finally, Oppenheimer reissued an “outperform” rating and set a $24.00 price target on shares of Rush Street Interactive in a research report on Thursday, October 30th. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Rush Street Interactive has a consensus rating of “Moderate Buy” and a consensus target price of $21.25.

Insider Transactions at Rush Street Interactive

In related news, COO Mattias Stetz sold 90,000 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $19.09, for a total transaction of $1,718,100.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Richard Todd Schwartz sold 111,112 shares of the company’s stock in a transaction on Friday, January 9th. The shares were sold at an average price of $19.22, for a total transaction of $2,135,572.64. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 876,212 shares of company stock worth $16,241,748 in the last quarter. 56.94% of the stock is owned by company insiders.

Institutional Investors Weigh In On Rush Street Interactive

Institutional investors have recently made changes to their positions in the company. Concord Wealth Partners acquired a new stake in Rush Street Interactive during the 3rd quarter worth approximately $41,000. Farther Finance Advisors LLC acquired a new stake in shares of Rush Street Interactive during the second quarter worth $42,000. Osaic Holdings Inc. lifted its holdings in shares of Rush Street Interactive by 62.2% during the second quarter. Osaic Holdings Inc. now owns 4,872 shares of the company’s stock worth $73,000 after buying an additional 1,868 shares in the last quarter. Pacer Advisors Inc. boosted its position in shares of Rush Street Interactive by 57.2% in the third quarter. Pacer Advisors Inc. now owns 5,027 shares of the company’s stock valued at $103,000 after acquiring an additional 1,830 shares during the period. Finally, State of Alaska Department of Revenue acquired a new position in shares of Rush Street Interactive in the third quarter valued at about $105,000. Institutional investors own 24.78% of the company’s stock.

Rush Street Interactive Company Profile

Rush Street Interactive (NYSE: RSI) is a digital gaming and sports betting company that develops and operates online wagering platforms in regulated markets. As a subsidiary of Rush Street Gaming, the company specializes in delivering interactive casino games, live dealer experiences, and sports betting services through desktop and mobile applications. Its technology infrastructure is designed to support real-time wagering, secure transactions, and responsible gaming tools across multiple jurisdictions.

The company’s flagship brand, BetRivers, offers a range of casino titles—including slots, table games, and virtual sports—alongside a comprehensive sportsbook featuring pre-game and in-play betting markets.