Markforged Holding Co. (NYSE:MKFG) Short Interest Down 20.6% in December

Markforged Holding Co. (NYSE:MKFG) saw a significant drop in short interest during the month of December. As of December 15th, there was short interest totalling 158,000 shares, a drop of 20.6% from the November 30th total of 198,900 shares. Approximately 1.3% of the company’s stock are short sold. Based on an average daily trading volume, of 265,400 shares, the days-to-cover ratio is presently 0.6 days.

Markforged Price Performance

NYSE:MKFG traded down $0.16 during midday trading on Friday, hitting $3.08. The company’s stock had a trading volume of 25,742 shares, compared to its average volume of 105,158. Markforged has a fifty-two week low of $1.57 and a fifty-two week high of $8.80. The firm’s 50 day moving average is $4.09 and its 200-day moving average is $3.78. The firm has a market cap of $63.51 million, a P/E ratio of -0.71 and a beta of 1.47.

Wall Street Analyst Weigh In

MKFG has been the subject of a number of research analyst reports. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $5.00 price target (down previously from $8.50) on shares of Markforged in a report on Thursday, September 26th. Lake Street Capital restated a “hold” rating on shares of Markforged in a research note on Thursday, September 26th.

Institutional Investors Weigh In On Markforged

A hedge fund recently raised its stake in Markforged stock. Divisar Capital Management LLC grew its position in Markforged Holding Co. (NYSE:MKFG) by 7.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,864,892 shares of the company’s stock after acquiring an additional 561,304 shares during the period. Divisar Capital Management LLC owned about 3.91% of Markforged worth $3,225,000 at the end of the most recent quarter. Institutional investors and hedge funds own 87.30% of the company’s stock.

Markforged Company Profile

Markforged Holding Corporation produces and sells 3D printers, materials, software, and other related services worldwide. It offers desktop, industrial, and metal 3D printers; and composite, continuous fiber, and metal parts, as well as advanced 3D printing software. The company serves customers in aerospace, military and defense, food and beverage, industrial automation, space exploration, healthcare, and automotive industries.