Important Short Interest Filing: Is Shutterstock Incorporated (NYSE:SSTK)’s Fuel Running Low? Reports Show More Sellers

November 16, 2016 - By Adrian Mccoy   ·   0 Comments

Important Short Interest Filing: Is Shutterstock Incorporated (NYSE:SSTK)’s Fuel Running Low? Reports Show More Sellers

The stock of Shutterstock Incorporated (NYSE:SSTK) registered an increase of 4.26% in short interest. SSTK’s total short interest was 2.71M shares in November as published by FINRA. Its up 4.26% from 2.60M shares, reported previously. With 311,300 shares average volume, it will take short sellers 9 days to cover their SSTK’s short positions. The short interest to Shutterstock Incorporated’s float is 14.42%. About 141,321 shares traded hands. Shutterstock Inc (NYSE:SSTK) has risen 29.14% since April 14, 2016 and is uptrending. It has outperformed by 24.46% the S&P500.

Shutterstock, Inc. is a global well-known provider of creative content and commercial music. The company has a market cap of $1.73 billion. The Company’s creative content includes digital imagery, which consists of licensed photographs, vectors, illustrations and video clips that clients use in their visual communications, such as Websites, digital and print marketing materials, corporate communications, books, publications and video content. It has a 59.77 P/E ratio. The Company’s commercial music consists of music tracks and sound, and is used to complement digital imagery.

Insitutional Activity: The institutional sentiment increased to 2 in Q2 2016. Its up 0.96, from 1.04 in 2016Q1. The ratio is positive, as 11 funds sold all Shutterstock Inc shares owned while 28 reduced positions. 30 funds bought stakes while 48 increased positions. They now own 22.32 million shares or 0.79% less from 22.49 million shares in 2016Q1.
Trexquant Invest L P, a Connecticut-based fund reported 6,900 shares. The Massachusetts-based Copper Rock Partners Ltd Liability Company has invested 1.52% in Shutterstock Inc (NYSE:SSTK). Moreover, Samlyn Limited Liability Corp has 0.15% invested in Shutterstock Inc (NYSE:SSTK) for 138,000 shares. Regents Of The University Of California holds 51,266 shares or 7.9% of its portfolio. Renaissance Techs Ltd Liability Co accumulated 0.02% or 218,900 shares. Capital Impact Advsr Lc holds 23,957 shares or 0.51% of its portfolio. Blackrock Institutional Trust Na holds 0% or 527,493 shares in its portfolio. The Illinois-based Blair William & Communication Il has invested 0.01% in Shutterstock Inc (NYSE:SSTK). Teachers Advsrs holds 0% of its portfolio in Shutterstock Inc (NYSE:SSTK) for 31,556 shares. Ladenburg Thalmann Ser, a Florida-based fund reported 13 shares. Da Davidson Company, a Montana-based fund reported 3,915 shares. Blackrock Japan owns 310 shares or 0% of their US portfolio. New York State Teachers Retirement System accumulated 0% or 7,650 shares. Parametric Port Assoc Limited Liability holds 0% of its portfolio in Shutterstock Inc (NYSE:SSTK) for 18,118 shares. Metropolitan Life Ny owns 13,863 shares or 0% of their US portfolio.

Shutterstock Inc (NYSE:SSTK) Ratings Coverage

Out of 8 analysts covering Shutterstock (NYSE:SSTK), 0 rate it a “Buy”, 0 “Sell”, while 8 “Hold”. This means 0 are positive. Shutterstock has been the topic of 12 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Cantor Fitzgerald given on Thursday, August 6. The stock of Shutterstock Inc (NYSE:SSTK) earned “Market Perform” rating by William Blair on Friday, August 7. Zacks upgraded the shares of SSTK in a report on Tuesday, August 25 to “Sell” rating. On Thursday, February 25 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. RBC Capital Markets downgraded the stock to “Sector Perform” rating in Friday, August 7 report. On Monday, November 7 the stock rating was downgraded by Raymond James to “Mkt Perform”. The firm earned “Hold” rating on Thursday, August 4 by Cantor Fitzgerald. The stock of Shutterstock Inc (NYSE:SSTK) earned “Hold” rating by Jefferies on Friday, August 7. The company was upgraded on Tuesday, September 22 by Zacks. The rating was maintained by Deutsche Bank on Tuesday, August 9 with “Hold”.

SSTK Company Profile

Shutterstock, Inc. (Shutterstock) operates as a marketplace for commercial digital imagery. Commercial digital imagery consists of licensed photographs, illustrations and videos that companies use in their visual communications, such as Websites, digital and print marketing materials, corporate communications, books, publications and video content. As of April 30, 2012, Shutterstock’s image library contained more than 19 million images. It operates in North America, Europe and Rest of the world. The Firm offers a range of content types, including photography, illustrations, vector art and video footage. Shutterstock’s brands include Shutterstock and Bigstock. The Company’s online marketplace provides a freely searchable library of commercial digital images that its users can pay to license, download and incorporate into their work. Users can search its library and preview watermarked versions of its content. In November 2011, Shutterstock launched Shutterstock for iPad, an application enabling visitors to search, browse and organize images using an iPad.

Another recent and important Shutterstock Inc (NYSE:SSTK) news was published by Valuewalk.com which published an article titled: “Shutterstock Inc (SSTK) – No Moat, Revenue Growth Hides Profit Decline” on August 01, 2016.

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By Adrian Mccoy


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