Short Interest in System1, Inc. (NYSE:SST) Increases By 69.9%

System1, Inc. (NYSE:SST – Get Free Report) saw a large increase in short interest in August. As of August 31st, there was short interest totaling 195,844 shares, an increase of 69.9% from the August 15th total of 115,243 shares. Based on an average trading volume of 928,455 shares, the days-to-cover ratio is currently 0.2 days. Approximately 2.1% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on SST shares. Benchmark reduced their price objective on shares of 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 research note on Thursday, September 3rd. Finally, Wall Street Zen upgraded System1 from a “strong sell” rating to a “sell” rating in a report on Saturday, August 8th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, System1 presently has an average rating of “Hold” and an average price target of $6.50.

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System1 Stock Performance

SST traded up $0.11 during trading on Thursday, hitting $3.21. 134,779 shares of the company traded hands, compared to its average volume of 1,391,558. The stock’s fifty day moving average is $2.36 and its 200 day moving average is $2.71. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 13.11. System1 has a one year low of $1.35 and a one year high of $9.30. The firm has a market cap of $33.68 million, a P/E ratio of -0.28 and a beta of 1.58.

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

System1 Company Profile

(Get Free Report)

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.

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