Markforged Holding Co. (NYSE:MKFG) Sees Significant Drop in Short Interest

by · The Markets Daily

Markforged Holding Co. (NYSE:MKFG – Get Free Report) was the target of a large decline in short interest during the month of December. As of December 15th, there was short interest totalling 158,000 shares, a decline of 20.6% from the November 30th total of 198,900 shares. Approximately 1.3% of the shares of the company are sold short. Based on an average daily trading volume, of 265,400 shares, the short-interest ratio is presently 0.6 days.

Institutional Trading of Markforged

An institutional investor recently raised its position in Markforged stock. Divisar Capital Management LLC increased its holdings in Markforged Holding Co. (NYSE:MKFG – Free Report) by 7.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,864,892 shares of the company’s stock after purchasing an additional 561,304 shares during the period. Divisar Capital Management LLC owned 3.91% of Markforged worth $3,225,000 as of its most recent SEC filing. Institutional investors and hedge funds own 87.30% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on MKFG shares. Lake Street Capital reissued a “hold” rating on shares of Markforged in a report on Thursday, September 26th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $5.00 price objective (down previously from $8.50) on shares of Markforged in a research note on Thursday, September 26th.

View Our Latest Stock Analysis on MKFG

Markforged Stock Performance

Shares of MKFG stock traded up $0.06 during mid-day trading on Monday, reaching $3.14. 71,526 shares of the company’s stock traded hands, compared to its average volume of 105,024. Markforged has a 12 month low of $1.57 and a 12 month high of $8.80. The firm has a 50 day moving average price of $4.09 and a two-hundred day moving average price of $3.77. The firm has a market capitalization of $64.75 million, a PE ratio of -0.72 and a beta of 1.47.

About Markforged

(Get Free Report)

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.

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