ShotSpotter Inc. (NASDAQ:SSTI) saw a significant increase in short interest in October. As of October 31st, there was short interest totalling 885,891 shares, an increase of 39.6% from the October 13th total of 634,538 shares. Based on an average daily volume of 71,630 shares, the days-to-cover ratio is presently 12.4 days. Approximately 19.8% of the shares of the stock are short sold.

Shares of ShotSpotter (SSTI) opened at $19.56 on Monday. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.66. ShotSpotter has a 12-month low of $9.33 and a 12-month high of $20.15.

ShotSpotter (NASDAQ:SSTI) last posted its earnings results on Tuesday, November 7th. The company reported ($0.12) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.14) by $0.02. The firm had revenue of $6.80 million for the quarter, compared to analysts’ expectations of $5.66 million. The firm’s revenue for the quarter was up 70.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.96) earnings per share. analysts anticipate that ShotSpotter will post -0.6 earnings per share for the current year.

A number of research firms have commented on SSTI. Northland Securities reiterated a “buy” rating and set a $20.00 target price on shares of ShotSpotter in a research report on Friday. Roth Capital boosted their target price on ShotSpotter from $18.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Zacks Investment Research downgraded ShotSpotter from a “buy” rating to a “hold” rating in a research report on Wednesday, October 11th. Finally, Imperial Capital began coverage on ShotSpotter in a research report on Thursday, July 27th. They set an “outperform” rating and a $16.00 target price on the stock.

Several large investors have recently modified their holdings of the company. Archon Capital Management LLC purchased a new stake in shares of ShotSpotter in the third quarter valued at $227,000. Russell Investments Group Ltd. lifted its position in shares of ShotSpotter by 2.4% in the third quarter. Russell Investments Group Ltd. now owns 206,412 shares of the company’s stock valued at $2,776,000 after acquiring an additional 4,931 shares in the last quarter. Trellus Management Company LLC lifted its position in shares of ShotSpotter by 5.8% in the third quarter. Trellus Management Company LLC now owns 91,910 shares of the company’s stock valued at $1,236,000 after acquiring an additional 5,000 shares in the last quarter. Castleark Management LLC purchased a new stake in shares of ShotSpotter in the second quarter valued at $2,110,000. Finally, Prudential PLC purchased a new stake in shares of ShotSpotter in the second quarter valued at $3,837,000. Institutional investors and hedge funds own 21.89% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This story was originally published by Watch List News and is owned by of Watch List News. If you are viewing this story on another domain, it was illegally copied and republished in violation of US and international copyright and trademark law. The legal version of this story can be accessed at https://www.watchlistnews.com/shotspotter-inc-ssti-short-interest-up-39-6-in-october/1699053.html.

ShotSpotter Company Profile

ShotSpotter, Inc is engaged in designing and delivering gunfire alert and analysis solutions. The Company offers its software solutions on a SaaS-based subscription model. It has one operating segment with one business activity, providing gunshot detection systems. Its safety solutions include ShotSpotter Flex, ShotSpotter (SST) SecureCampus and ShotSpotter SiteSecure.

Receive News & Ratings for ShotSpotter Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ShotSpotter Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.