Markforged Holding Co. (NYSE:MKFG) Sees Large Decrease in Short Interest

Markforged Holding Co. (NYSE:MKFG) saw a large decline in short interest in the month of December. As of December 31st, there was short interest totalling 126,500 shares, a decline of 19.9% from the December 15th total of 158,000 shares. Approximately 1.1% of the shares of the company are short sold. Based on an average daily volume of 123,800 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Investors Weigh In On Markforged

A hedge fund recently raised its stake in Markforged stock. Divisar Capital Management LLC raised its holdings in Markforged Holding Co. (NYSE:MKFG) by 7.7% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor 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 approximately 3.91% of Markforged worth $3,225,000 at the end of the most recent reporting period. Institutional investors own 87.30% of the company’s stock.

Markforged Price Performance

Shares of NYSE:MKFG opened at $3.47 on Wednesday. The company has a market cap of $71.55 million, a price-to-earnings ratio of -0.80 and a beta of 1.51. Markforged has a one year low of $1.57 and a one year high of $8.80. The firm has a fifty day moving average price of $3.81 and a two-hundred day moving average price of $3.69.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MKFG. Cantor Fitzgerald reissued a “neutral” rating and set a $5.00 price objective (down previously from $8.50) on shares of Markforged in a report on Thursday, September 26th. Lake Street Capital reissued a “hold” rating on shares of Markforged in a report on Thursday, September 26th.

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.