Rush Street Interactive, Inc. (NYSE:RSI) Sees Large Decline in Short Interest

Rush Street Interactive, Inc. (NYSE:RSI) was the recipient of a significant decrease in short interest during the month of January. As of January 30th, there was short interest totaling 4,993,857 shares, a decrease of 15.1% from the January 15th total of 5,882,921 shares. Based on an average trading volume of 2,734,492 shares, the short-interest ratio is currently 1.8 days. Approximately 5.0% of the company’s stock are sold short. Approximately 5.0% of the company’s stock are sold short. Based on an average trading volume of 2,734,492 shares, the short-interest ratio is currently 1.8 days.

Insider Activity

In related news, CEO Richard Todd Schwartz sold 247,114 shares of the firm’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $17.61, for a total transaction of $4,351,677.54. Following the completion of the sale, the chief executive officer owned 949,048 shares of the company’s stock, valued at $16,712,735.28. This trade represents a 20.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kyle Sauers sold 160,067 shares of the stock in a transaction on Thursday, January 8th. The shares were sold at an average price of $19.07, for a total value of $3,052,477.69. Following the sale, the chief financial officer owned 663,306 shares in the company, valued at approximately $12,649,245.42. This represents a 19.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 919,421 shares of company stock worth $17,044,879 over the last three months. 56.89% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Rush Street Interactive

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Rush Street Interactive in the 3rd quarter worth $4,232,000. Allspring Global Investments Holdings LLC purchased a new position in shares of Rush Street Interactive in the 2nd quarter worth approximately $361,000. Arrowstreet Capital Limited Partnership increased its position in shares of Rush Street Interactive by 38.1% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,443,545 shares of the company’s stock valued at $21,509,000 after purchasing an additional 398,089 shares during the last quarter. Emerald Advisers LLC raised its holdings in Rush Street Interactive by 12.6% during the 3rd quarter. Emerald Advisers LLC now owns 1,341,739 shares of the company’s stock valued at $27,479,000 after buying an additional 149,918 shares during the period. Finally, Emerald Mutual Fund Advisers Trust raised its holdings in Rush Street Interactive by 11.0% during the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 825,244 shares of the company’s stock valued at $16,901,000 after buying an additional 82,055 shares during the period. Institutional investors own 24.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on RSI. Needham & Company LLC upped their target price on shares of Rush Street Interactive from $21.00 to $23.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Weiss Ratings restated a “hold (c-)” rating on shares of Rush Street Interactive in a report on Monday, December 29th. Zacks Research downgraded shares of Rush Street Interactive from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Susquehanna set a $22.00 price target on Rush Street Interactive in a report on Wednesday, January 21st. Finally, Oppenheimer restated an “outperform” rating and issued a $24.00 price target on shares of Rush Street Interactive in a research note on Thursday, October 30th. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Rush Street Interactive presently has an average rating of “Moderate Buy” and a consensus target price of $21.38.

Rush Street Interactive Stock Performance

NYSE:RSI opened at $16.03 on Monday. The stock has a 50-day simple moving average of $18.55 and a two-hundred day simple moving average of $19.10. The firm has a market capitalization of $3.68 billion, a PE ratio of 64.11 and a beta of 1.54. Rush Street Interactive has a 52-week low of $9.54 and a 52-week high of $22.65.

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.