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

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

Analyst Upgrades and Downgrades

Separately, Macquarie boosted their price objective on shares of Getty Images from $3.50 to $3.75 and gave the company a “neutral” rating in a report on Wednesday, November 13th.

Insider Buying and Selling at Getty Images

In other Getty Images news, major shareholder Neuberger Berman Group Llc sold 4,100,000 shares of the firm’s stock in a transaction dated 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 transaction, the insider now owns 74,175,262 shares in the company, valued at approximately $182,471,144.52. This trade represents a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Chinh Chu sold 48,400 shares of the company’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $4.05, for a total value of $196,020.00. Following the completion of the sale, the director now directly owns 9,706,670 shares of the company’s stock, valued at approximately $39,312,013.50. This trade represents a 0.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,269,927 shares of company stock worth $10,739,630. Company insiders own 12.30% of the company’s stock.

Hedge Funds Weigh In On Getty Images

Institutional investors have recently modified their holdings of the business. Nisa Investment Advisors LLC acquired a new stake in shares of Getty Images during the second quarter worth $49,000. Ninety One UK Ltd acquired a new stake in shares of Getty Images in the 2nd quarter valued at about $583,000. Byrne Asset Management LLC lifted its holdings in shares of Getty Images by 95.7% in 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. Bank of New York Mellon Corp acquired a new position in shares of Getty Images during the second quarter worth about $910,000. Finally, Principal Financial Group Inc. bought a new position in shares of Getty Images during the second quarter worth about $44,000. Institutional investors own 45.75% of the company’s stock.

Getty Images Stock Performance

GETY stock opened at $2.67 on Monday. Getty Images has a 1-year low of $2.60 and a 1-year high of $5.77. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.84. The firm has a market cap of $1.10 billion, a PE ratio of 22.25 and a beta of 1.86. The business’s 50-day moving average price is $3.44 and its two-hundred day moving average price is $3.50.

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.