Getty Images Holdings, Inc. (NYSE:GETY) Short Interest Update

Getty Images Holdings, Inc. (NYSE:GETY) saw a significant increase in short interest during 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. Based on an average daily trading volume, of 8,936,140 shares, the short-interest ratio is currently 1.8 days. Currently, 4.3% of the shares of the company are short sold. Currently, 4.3% of the shares of the company are short sold. Based on an average daily trading volume, of 8,936,140 shares, the short-interest ratio is currently 1.8 days.

Analysts Set New Price Targets

GETY has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Getty Images in a research report on Thursday, January 22nd. Citigroup cut their target price on shares of Getty Images from $1.85 to $0.85 and set a “neutral” rating for the company in a research note on Monday, February 23rd. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Getty Images currently has an average rating of “Hold” and an average price target of $3.78.

Getty Images Stock Performance

GETY traded up $0.02 during trading on Monday, hitting $0.75. The stock had a trading volume of 249,578 shares, compared to its average volume of 2,981,538. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.71 and a quick ratio of 0.71. The company has a 50 day moving average price of $1.06 and a 200-day moving average price of $1.52. Getty Images has a one year low of $0.67 and a one year high of $3.21. The firm has a market cap of $312.31 million, a price-to-earnings ratio of -3.41 and a beta of 2.14.

Insider Activity

In other news, CEO Craig Warren Peters sold 31,298 shares of Getty Images stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 1,215,438 shares in the company, valued at approximately $1,543,606.26. The trade was a 2.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 74,919 shares of company stock valued at $95,147 over the last ninety days. Company insiders own 12.50% of the company’s stock.

Hedge Funds Weigh In On Getty Images

Institutional investors and hedge funds have recently modified their holdings of the business. Alpine Global Management LLC acquired a new stake in Getty Images in the 4th quarter worth about $98,000. Ionic Capital Management LLC acquired a new stake in shares of Getty Images in the fourth quarter valued at approximately $248,000. Founders Financial Securities LLC bought a new stake in shares of Getty Images in the fourth quarter valued at approximately $35,000. Nano Cap New Millennium Growth Fund L P bought a new stake in shares of Getty Images in the fourth quarter valued at approximately $335,000. Finally, Certuity LLC acquired a new stake in Getty Images during the fourth quarter worth approximately $33,000. 45.75% of the stock is currently owned by institutional investors and hedge funds.

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.