Similarweb Ltd. (NYSE:SMWB) Short Interest Down 29.2% in December

Similarweb Ltd. (NYSE:SMWB) was the recipient of a significant drop in short interest in December. As of December 15th, there was short interest totaling 569,708 shares, a drop of 29.2% from the November 30th total of 804,959 shares. Approximately 0.7% of the shares of the company are short sold. Based on an average daily volume of 337,787 shares, the short-interest ratio is currently 1.7 days. Based on an average daily volume of 337,787 shares, the short-interest ratio is currently 1.7 days. Approximately 0.7% of the shares of the company are short sold.

Institutional Investors Weigh In On Similarweb

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Larson Financial Group LLC purchased a new stake in Similarweb during the third quarter worth approximately $25,000. Wexford Capital LP purchased a new stake in shares of Similarweb during the 3rd quarter worth approximately $64,000. MQS Management LLC purchased a new position in shares of Similarweb in the second quarter valued at $125,000. Fox Run Management L.L.C. purchased a new position in Similarweb during the 2nd quarter valued at about $129,000. Finally, ANTIPODES PARTNERS Ltd increased its stake in shares of Similarweb by 8.3% during the 2nd quarter. ANTIPODES PARTNERS Ltd now owns 17,510 shares of the company’s stock worth $137,000 after purchasing an additional 1,344 shares in the last quarter. Hedge funds and other institutional investors own 57.59% of the company’s stock.

Similarweb Price Performance

Similarweb stock traded up $0.13 during trading hours on Monday, hitting $7.27. The company had a trading volume of 272,557 shares, compared to its average volume of 318,174. Similarweb has a 1 year low of $6.36 and a 1 year high of $17.64. The company has a 50-day moving average price of $7.86 and a two-hundred day moving average price of $8.45.

Similarweb (NYSE:SMWB) last announced its earnings results on Tuesday, November 11th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.03. Similarweb had a negative net margin of 11.20% and a negative return on equity of 78.25%. The company had revenue of $71.79 million during the quarter, compared to the consensus estimate of $71.95 million. On average, research analysts forecast that Similarweb will post -0.24 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Citigroup reiterated a “market outperform” rating on shares of Similarweb in a research report on Monday, December 15th. Jefferies Financial Group restated a “buy” rating and set a $11.00 target price on shares of Similarweb in a report on Friday, November 14th. Wall Street Zen raised Similarweb from a “hold” rating to a “buy” rating in a research report on Saturday, December 20th. Needham & Company LLC reaffirmed a “buy” rating and issued a $14.00 price target on shares of Similarweb in a research report on Monday, November 17th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Similarweb in a research report on Monday, December 22nd. Eight research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $12.88.

About Similarweb

Similarweb Ltd. (NYSE: SMWB) is a digital intelligence company that provides insights into website and mobile app performance. Its cloud-based platform aggregates and analyzes data on global web traffic, user engagement, and referral sources, enabling businesses to benchmark their digital presence against competitors. The company’s core offering includes metrics on audience behavior, traffic acquisition channels, and industry trends, which are designed to inform strategic decisions in marketing, sales, and product development.

Similarweb’s platform delivers a suite of tools for market research, competitor analysis, and performance optimization.