Materialise NV (NASDAQ:MTLS) Short Interest Up 298.5% in December

Materialise NV (NASDAQ:MTLS) saw a significant increase in short interest in December. As of December 15th, there was short interest totalling 245,500 shares, an increase of 298.5% from the November 30th total of 61,600 shares. Based on an average daily volume of 179,700 shares, the days-to-cover ratio is currently 1.4 days.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Materialise from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 13th.

Hedge Funds Weigh In On Materialise

A number of institutional investors have recently modified their holdings of the business. Rock Point Advisors LLC grew its position in Materialise by 4.0% during the 2nd quarter. Rock Point Advisors LLC now owns 670,901 shares of the software maker’s stock worth $3,361,000 after purchasing an additional 25,637 shares during the last quarter. Ballentine Partners LLC purchased a new position in shares of Materialise during the third quarter worth about $124,000. Quintet Private Bank Europe S.A. increased its position in Materialise by 51.4% in the 3rd quarter. Quintet Private Bank Europe S.A. now owns 21,965 shares of the software maker’s stock valued at $120,000 after acquiring an additional 7,459 shares during the period. Quadrature Capital Ltd raised its stake in Materialise by 104.0% during the 3rd quarter. Quadrature Capital Ltd now owns 36,350 shares of the software maker’s stock valued at $199,000 after acquiring an additional 18,532 shares during the last quarter. Finally, Barclays PLC lifted its position in Materialise by 45.3% during the 3rd quarter. Barclays PLC now owns 7,933 shares of the software maker’s stock worth $43,000 after acquiring an additional 2,473 shares during the period. 19.30% of the stock is owned by institutional investors and hedge funds.

Materialise Stock Performance

MTLS traded up $0.03 during trading on Thursday, hitting $7.36. 53,699 shares of the stock were exchanged, compared to its average volume of 116,116. The company has a quick ratio of 1.65, a current ratio of 1.81 and a debt-to-equity ratio of 0.10. Materialise has a 1-year low of $4.70 and a 1-year high of $8.50. The stock has a fifty day moving average price of $6.91 and a two-hundred day moving average price of $5.84. The firm has a market capitalization of $434.73 million, a P/E ratio of 38.74 and a beta of 1.19.

Materialise Company Profile

Materialise NV provides additive manufacturing and medical software, and 3D printing services in the Americas, Europe and Africa, and the Asia-Pacific. The company operates through three segments: Materialise Software, Materialise Medical, and Materialise Manufacturing. The Materialise Software segment offers software through programs and platforms that enable and enhance the functionality of 3D printers and of 3D printing operations.