Rush Street Interactive, Inc. (NYSE:RSI) Sees Large Decline in Short Interest

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

Insider Buying and Selling at Rush Street Interactive

In other Rush Street Interactive news, CFO Kyle Sauers sold 160,067 shares of the firm’s stock in a transaction on Thursday, January 8th. The shares were sold at an average price of $19.07, for a total transaction of $3,052,477.69. Following the completion of the transaction, the chief financial officer directly owned 663,306 shares of the company’s stock, valued at $12,649,245.42. This trade represents a 19.44% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Mattias Stetz sold 90,000 shares of the company’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $19.09, for a total transaction of $1,718,100.00. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 876,212 shares of company stock valued at $16,241,748 in the last three months. Corporate insiders own 56.89% of the company’s stock.

Hedge Funds Weigh In On Rush Street Interactive

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC bought a new stake in Rush Street Interactive in the second quarter worth about $361,000. Arrowstreet Capital Limited Partnership grew its stake in shares of Rush Street Interactive by 38.1% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,443,545 shares of the company’s stock worth $21,509,000 after purchasing an additional 398,089 shares during the last quarter. Strs Ohio bought a new stake in shares of Rush Street Interactive in the 1st quarter worth approximately $589,000. Caxton Associates LLP raised its holdings in shares of Rush Street Interactive by 77.8% in the 2nd quarter. Caxton Associates LLP now owns 121,202 shares of the company’s stock worth $1,806,000 after purchasing an additional 53,048 shares in the last quarter. Finally, William Blair Investment Management LLC lifted its stake in Rush Street Interactive by 4.8% during the second quarter. William Blair Investment Management LLC now owns 2,675,601 shares of the company’s stock valued at $39,866,000 after purchasing an additional 121,992 shares during the last quarter. 24.78% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on RSI shares. Craig Hallum restated a “buy” rating on shares of Rush Street Interactive in a research note on Tuesday, December 9th. Jefferies Financial Group upped their price target on Rush Street Interactive from $26.00 to $27.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Wall Street Zen upgraded Rush Street Interactive from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 7th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Rush Street Interactive in a research note on Monday, December 29th. Finally, Benchmark restated a “buy” rating on shares of Rush Street Interactive in a research report on Wednesday, January 14th. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $21.25.

Rush Street Interactive Stock Down 2.1%

NYSE RSI traded down $0.42 during trading hours on Monday, hitting $19.31. The company had a trading volume of 1,564,284 shares, compared to its average volume of 1,215,763. The firm has a market cap of $4.43 billion, a P/E ratio of 77.24 and a beta of 1.57. Rush Street Interactive has a fifty-two week low of $9.54 and a fifty-two week high of $22.65. The business has a fifty day simple moving average of $18.72 and a 200-day simple moving average of $18.79.

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

About Rush Street Interactive

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.