Short Interest in Getty Images Holdings, Inc. (NYSE:GETY) Drops By 7.9%

Getty Images Holdings, Inc. (NYSE:GETY - Get Free Report) was the target of a large drop in short interest in November. As of November 30th, there was short interest totalling 5,930,000 shares, a drop of 7.9% from the November 15th total of 6,440,000 shares. Based on an average daily volume of 369,800 shares, the days-to-cover ratio is presently 16.0 days. Currently, 3.1% of the company's stock are short sold.

Getty Images Stock Performance

NYSE:GETY traded down $0.04 on Monday, hitting $2.63. The stock had a trading volume of 483,238 shares, compared to its average volume of 484,306. The business's 50-day simple moving average is $3.44 and its two-hundred day simple moving average is $3.50. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 22.25 and a beta of 1.86. Getty Images has a 52-week low of $2.59 and a 52-week high of $5.77. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.84.

Wall Street Analysts Forecast Growth

Separately, Macquarie raised their target price on shares of Getty Images from $3.50 to $3.75 and gave the stock a "neutral" rating in a report on Wednesday, November 13th.

Insider Buying and Selling at Getty Images

In related news, major shareholder Neuberger Berman Group Llc sold 4,100,000 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $2.46, for a total transaction of $10,086,000.00. Following the sale, the insider now directly owns 74,175,262 shares of the company's stock, valued at $182,471,144.52. This trade represents a 5.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, General Counsel Kjelti Wilkes Kellough sold 8,070 shares of the business's stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $3.61, for a total value of $29,132.70. Following the completion of the transaction, the general counsel now directly owns 258,630 shares of the company's stock, valued at approximately $933,654.30. This trade represents a 3.03 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,269,927 shares of company stock worth $10,739,630. 12.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Getty Images

Several institutional investors have recently made changes to their positions in GETY. Byrne Asset Management LLC lifted its position in Getty Images by 95.7% during the second quarter. Byrne Asset Management LLC now owns 9,200 shares of the company's stock valued at $29,000 after purchasing an additional 4,500 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Getty Images by 18.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 47,447 shares of the company's stock valued at $155,000 after buying an additional 7,267 shares in the last quarter. FMR LLC grew its stake in shares of Getty Images by 5.0% during the 3rd quarter. FMR LLC now owns 166,221 shares of the company's stock valued at $633,000 after acquiring an additional 7,897 shares during the period. Spartan Fund Management Inc. purchased a new stake in Getty Images in the 2nd quarter worth approximately $33,000. Finally, CIBC Asset Management Inc bought a new stake in Getty Images during the 2nd quarter worth approximately $36,000. Institutional investors own 45.75% of the company's stock.

Getty Images Company Profile

Getty Images Holdings, Inc offers creative and editorial visual content solutions in the Americas, Europe, the Middle East, Africa, and Asia-Pacific. Its products include Getty Images that offers creative and editorial content including stills, music and video which focuses on corporate, agency, and media customers; iStock.com, an e-commerce offering where customers have access to creative stills and video; Unsplash.com, a platform offering free stock photo downloads and paid subscriptions targeted to the high-growth prosumer and semi-professional creator segments; and Unsplash+ that provides access to unique model released content with expanded legal protections.