Short Interest in Similarweb Ltd. (NYSE:SMWB) Expands By 23.1%

Similarweb Ltd. (NYSE:SMWB) saw a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 615,619 shares, an increase of 23.1% from the January 15th total of 499,911 shares. Based on an average daily volume of 367,716 shares, the short-interest ratio is presently 1.7 days. Approximately 0.7% of the shares of the stock are sold short. Approximately 0.7% of the shares of the stock are sold short. Based on an average daily volume of 367,716 shares, the short-interest ratio is presently 1.7 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Larson Financial Group LLC acquired a new position in Similarweb during the 3rd quarter worth about $25,000. Wexford Capital LP bought a new position in shares of Similarweb during the third quarter worth about $64,000. Brooklyn Investment Group acquired a new position in shares of Similarweb in the fourth quarter worth approximately $85,000. MQS Management LLC acquired a new position in shares of Similarweb in the second quarter worth approximately $125,000. Finally, Fox Run Management L.L.C. bought a new stake in Similarweb in the second quarter valued at approximately $129,000. 57.59% of the stock is owned by institutional investors.

Similarweb Price Performance

NYSE:SMWB opened at $3.98 on Tuesday. Similarweb has a one year low of $3.66 and a one year high of $11.05. The company has a market cap of $337.87 million, a PE ratio of -10.76 and a beta of 1.09. The firm’s 50 day simple moving average is $6.24 and its 200 day simple moving average is $7.83.

Analysts Set New Price Targets

SMWB has been the topic of several research analyst reports. Jefferies Financial Group reaffirmed a “buy” rating and issued a $11.00 price objective on shares of Similarweb in a research note on Friday, November 14th. Weiss Ratings reissued a “sell (d-)” rating on shares of Similarweb in a report on Monday, December 29th. Needham & Company LLC restated a “buy” rating and issued a $14.00 price target on shares of Similarweb in a research note on Monday, November 17th. Citigroup reaffirmed a “market outperform” rating on shares of Similarweb in a report on Monday, December 15th. Finally, Wall Street Zen raised shares of Similarweb from a “hold” rating to a “buy” rating in a research note on Saturday, December 20th. Five research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $10.08.

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.