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

Rush Street Interactive, Inc. (NYSE:RSI) was the target 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 trading volume, of 1,487,824 shares, the days-to-cover ratio is currently 4.0 days. Currently, 6.0% of the shares of the stock are short sold. Currently, 6.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,487,824 shares, the days-to-cover ratio is currently 4.0 days.

Rush Street Interactive Stock Down 2.1%

RSI traded down $0.42 during trading on Friday, reaching $19.31. The company had a trading volume of 1,564,284 shares, compared to its average volume of 1,263,070. The business has a 50 day simple moving average of $18.68 and a 200-day simple moving average of $18.75. The stock 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 52 week low of $9.54 and a 52 week high of $22.65.

Rush Street Interactive (NYSE:RSI) last announced its earnings results on Wednesday, October 29th. The company reported $0.09 earnings per share 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 business had revenue of $277.91 million for the quarter, compared to the consensus estimate of $264.60 million. During the same quarter in the prior year, the firm posted $0.05 earnings per share. The business’s revenue for the quarter was up 19.7% on a year-over-year basis. As a group, equities research analysts expect that Rush Street Interactive will post 0.04 EPS for the current fiscal year.

Insider Activity

In other Rush Street Interactive news, CEO Richard Todd Schwartz sold 111,112 shares of the business’s stock in a transaction on Friday, January 9th. The shares were sold at an average price of $19.22, for a total value of $2,135,572.64. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Kyle Sauers sold 160,067 shares of the stock in a transaction dated 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 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 876,212 shares of company stock worth $16,241,748 over the last quarter. Insiders own 56.94% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of RSI. Allspring Global Investments Holdings LLC lifted its stake in shares of Rush Street Interactive by 9.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 26,262 shares of the company’s stock worth $507,000 after acquiring an additional 2,298 shares during the last quarter. SG Americas Securities LLC increased its stake in Rush Street Interactive by 442.0% in the fourth quarter. SG Americas Securities LLC now owns 267,334 shares of the company’s stock worth $5,194,000 after purchasing an additional 218,008 shares during the period. Diversified Trust Co. lifted its position in shares of Rush Street Interactive by 6.7% during the fourth quarter. Diversified Trust Co. now owns 28,864 shares of the company’s stock worth $561,000 after purchasing an additional 1,815 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Rush Street Interactive by 29.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 25,164 shares of the company’s stock valued at $489,000 after purchasing an additional 5,742 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in shares of Rush Street Interactive by 57.0% in the third quarter. JPMorgan Chase & Co. now owns 213,943 shares of the company’s stock worth $4,382,000 after purchasing an additional 77,698 shares during the last quarter. Institutional investors own 24.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on RSI shares. JPMorgan Chase & Co. increased their price target on Rush Street Interactive from $16.00 to $18.00 and gave the company a “neutral” rating in a research note on Thursday, October 16th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Rush Street Interactive in a report on Monday, December 29th. Wall Street Zen upgraded Rush Street Interactive from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 7th. Jefferies Financial Group boosted their price target on shares of Rush Street Interactive from $26.00 to $27.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Finally, Oppenheimer reiterated an “outperform” rating and set a $24.00 price objective on shares of Rush Street Interactive in a research report on Thursday, October 30th. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Rush Street Interactive currently has a consensus rating of “Moderate Buy” and an average price target of $21.25.

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.