SSTI - ShotSpotter plunges on speculation Chicago contract could be in jeopardy with new mayor
2023-04-05 12:25:24 ET
- ShotSpotter ( NASDAQ: SSTI ) sunk 21% amid speculation that the newly elected Chicago mayor could look to end the city's contract with the gunfire detection company.
- Brandon Johnson, who was elected Chicago mayor on Tuesday after a runoff election with runoff election, has s aid that he plans to end the use of ShotSpotter ( SSTI ), as some critics have alleged that it's faulty and can lead to dangerous police interactions.
- ShotSpotter ( SSTI ) didn't immediately respond to Seeking Alpha request for comment.
- ShotSpotter ( SSTI ) short interest is 3%.
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ShotSpotter plunges on speculation Chicago contract could be in jeopardy with new mayor