Short Interest in Rush Street Interactive, Inc. (NYSE:RSI) Drops By 25.8%

Rush Street Interactive, Inc. (NYSE:RSI) was the recipient of a large decrease in short interest in December. As of December 31st, there was short interest totaling 5,958,635 shares, a decrease 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 short-interest ratio is presently 4.0 days. Currently, 6.0% of the shares of the company are short sold. Currently, 6.0% of the shares of the company are short sold. Based on an average daily volume of 1,487,824 shares, the short-interest ratio is presently 4.0 days.

Insider Transactions at Rush Street Interactive

In other Rush Street Interactive news, CFO Kyle Sauers sold 160,067 shares of Rush Street Interactive stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $19.07, for a total value 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. The trade was 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 stock was sold at an average price of $19.09, for a total transaction of $1,718,100.00. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 876,212 shares of company stock valued at $16,241,748. 56.94% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Rush Street Interactive

Several hedge funds have recently added to or reduced their stakes in the business. Concord Wealth Partners bought a new stake in shares of Rush Street Interactive during the 3rd quarter valued at about $41,000. Farther Finance Advisors LLC bought a new position in shares of Rush Street Interactive during the 2nd quarter worth approximately $42,000. Osaic Holdings Inc. grew its position in shares of Rush Street Interactive by 62.2% during the 2nd quarter. Osaic Holdings Inc. now owns 4,872 shares of the company’s stock worth $73,000 after buying an additional 1,868 shares during the period. Lazard Asset Management LLC bought a new stake in shares of Rush Street Interactive in the 2nd quarter valued at $90,000. Finally, Pacer Advisors Inc. lifted its position in shares of Rush Street Interactive by 57.2% during the 3rd quarter. Pacer Advisors Inc. now owns 5,027 shares of the company’s stock valued at $103,000 after acquiring an additional 1,830 shares during the period. 24.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on RSI shares. Oppenheimer restated an “outperform” rating and set a $24.00 target price on shares of Rush Street Interactive in a research note on Thursday, October 30th. Needham & Company LLC boosted their price target on Rush Street Interactive from $21.00 to $23.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Wall Street Zen raised Rush Street Interactive from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 7th. Zacks Research cut Rush Street Interactive from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Finally, Craig Hallum reissued a “buy” rating on shares of Rush Street Interactive in a research note on Tuesday, December 9th. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $21.25.

Rush Street Interactive Stock Performance

Shares of RSI traded down $0.42 during trading hours on Friday, reaching $19.31. The stock had a trading volume of 1,564,284 shares, compared to its average volume of 1,263,070. Rush Street Interactive has a 12 month low of $9.54 and a 12 month high of $22.65. The stock has a market capitalization of $4.43 billion, a PE ratio of 77.24 and a beta of 1.57. The company’s 50-day moving average is $18.68 and its two-hundred day moving average is $18.70.

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

Rush Street Interactive Company Profile

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.