Why Are RSI Shares Falling Today?

Rush Street Interactive stock is trading -55.97% below its average target price of $6.78 after dropping -3.4% during today's afternoon session. Analysts are giving the small-cap Leisure company an average rating of buy and target prices ranging from $4.0 to $12.0 per share.

Rush Street Interactive's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 3.7%. The stock's short ratio is 4.12. 8.67% of the corporation's outstanding shares are owned by its managers and directors, indicating a strong degree of alignment between their interests and those of other shareholders.

Another number to watch is the company's rate of institutional share ownership, which now stands at 70.7%. In conclusion, we believe there is mixed market sentiment regarding Rush Street Interactive.

Institutions Invested in Rush Street Interactive

Date Reported Holder Percentage Shares Value
2022-12-31 HG Vora Capital Management, LLC 9% 6,000,000 $17,909,999
2022-12-31 Vanguard Group, Inc. (The) 7% 4,947,347 $14,767,830
2022-12-31 Nomura Holdings Inc. 7% 4,749,196 $14,176,349
2022-12-31 Blackrock Inc. 6% 3,820,784 $11,405,039
2022-12-31 Canyon Capital Advisors LLC 5% 3,445,554 $10,284,978
2023-03-31 Goldman Sachs Group Inc 4% 2,845,323 $8,493,288
2023-03-31 Federated Hermes, Inc. 2% 1,512,064 $4,513,510
2023-03-31 Assenagon Asset Management S.A. 2% 1,394,034 $4,161,191
2022-12-31 Morgan Stanley 2% 1,305,257 $3,896,192
2022-12-31 Norges Bank Investment Management 2% 1,067,000 $3,184,994
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.