Markforged Holding Co. (NYSE:MKFG) Short Interest Update

Markforged Holding Co. (NYSE:MKFG) was the target of a significant decline in short interest in January. As of January 31st, there was short interest totalling 96,200 shares, a decline of 17.6% from the January 15th total of 116,700 shares. Based on an average daily volume of 92,700 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.8% of the company’s stock are sold short.

Markforged Trading Down 1.5 %

Shares of MKFG opened at $3.01 on Friday. Markforged has a 12 month low of $1.57 and a 12 month high of $8.80. The firm has a fifty day simple moving average of $3.32 and a 200 day simple moving average of $3.49. The stock has a market capitalization of $61.96 million, a price-to-earnings ratio of -0.69 and a beta of 1.50.

Hedge Funds Weigh In On Markforged

Large investors have recently modified their holdings of the business. Northern Trust Corp boosted its position in Markforged by 19.9% during the fourth quarter. Northern Trust Corp now owns 27,220 shares of the company’s stock valued at $85,000 after purchasing an additional 4,511 shares during the last quarter. Wolverine Asset Management LLC raised its stake in shares of Markforged by 336.2% during the 4th quarter. Wolverine Asset Management LLC now owns 32,731 shares of the company’s stock worth $103,000 after purchasing an additional 25,228 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Markforged in the 4th quarter valued at approximately $116,000. Renaissance Technologies LLC grew its stake in shares of Markforged by 104.5% in the fourth quarter. Renaissance Technologies LLC now owns 43,639 shares of the company’s stock valued at $137,000 after buying an additional 22,300 shares in the last quarter. Finally, Credit Industriel ET Commercial acquired a new position in Markforged during the fourth quarter worth $344,000. 87.30% of the stock is currently owned by institutional investors and hedge funds.

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.