ShotSpotter Inc. (SSTI) Short Interest Up 39.6% in October
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.
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.
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