Getty Images Holdings, Inc. (NYSE:GETY) Short Interest Up 36.8% in February

Getty Images Holdings, Inc. (NYSE:GETY) was the target of a large growth in short interest in February. As of February 27th, there was short interest totaling 15,807,775 shares, a growth of 36.8% from the February 12th total of 11,557,974 shares. Currently, 4.3% of the shares of the stock are short sold. Based on an average trading volume of 8,936,140 shares, the short-interest ratio is currently 1.8 days. Based on an average trading volume of 8,936,140 shares, the short-interest ratio is currently 1.8 days. Currently, 4.3% of the shares of the stock are short sold.

Getty Images Trading Down 5.4%

GETY stock traded down $0.04 during mid-day trading on Friday, reaching $0.73. The company had a trading volume of 1,779,736 shares, compared to its average volume of 5,377,613. The company has a market capitalization of $303.16 million, a PE ratio of -3.31 and a beta of 2.13. The firm has a 50 day moving average of $1.06 and a 200 day moving average of $1.52. Getty Images has a 12 month low of $0.67 and a 12 month high of $3.21. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.71 and a quick ratio of 0.71.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Citigroup dropped their price objective on shares of Getty Images from $1.85 to $0.85 and set a “neutral” rating for the company in a research note on Monday, February 23rd. Weiss Ratings restated a “sell (d)” rating on shares of Getty Images in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $3.78.

Insider Activity at Getty Images

In related news, CEO Craig Warren Peters sold 31,298 shares of the firm’s stock in a transaction on Wednesday, December 24th. The shares were sold at an average price of $1.27, for a total value of $39,748.46. Following the completion of the transaction, the chief executive officer directly owned 1,215,438 shares of the company’s stock, valued at approximately $1,543,606.26. This trade represents a 2.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders sold 74,919 shares of company stock worth $95,147. 12.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Getty Images

Several institutional investors have recently made changes to their positions in GETY. Koch Inc. lifted its stake in Getty Images by 42.8% in the fourth quarter. Koch Inc. now owns 115,259,246 shares of the company’s stock worth $154,447,000 after acquiring an additional 34,525,639 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Getty Images by 43.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,434,545 shares of the company’s stock valued at $4,041,000 after purchasing an additional 742,008 shares in the last quarter. Readystate Asset Management LP bought a new stake in shares of Getty Images in the 4th quarter valued at about $3,071,000. Geode Capital Management LLC lifted its position in shares of Getty Images by 14.0% in the 2nd quarter. Geode Capital Management LLC now owns 1,866,490 shares of the company’s stock worth $3,099,000 after purchasing an additional 228,532 shares during the period. Finally, Millennium Management LLC lifted its position in shares of Getty Images by 160.7% in the 4th quarter. Millennium Management LLC now owns 1,530,821 shares of the company’s stock worth $2,051,000 after purchasing an additional 943,567 shares during the period. Hedge funds and other institutional investors own 45.75% of the company’s stock.

Getty Images Company Profile

Getty Images (NYSE: GETY) is a leading global provider of digital visual content, offering an extensive library of stock photography, editorial imagery, video footage and music. The company supplies creative and rights-managed assets to a broad range of industries, including advertising, media, corporate communications and publishing. Through its online platform and licensing services, Getty Images enables customers to search, license and download multimedia content for commercial and editorial use.

Founded in 1995 by Mark Getty and Jonathan Klein, Getty Images pioneered the aggregation of photographic archives into a centralized, digital marketplace.