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

Markforged Holding Co. (NYSE:MKFG) saw 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. Currently, 1.3% of the shares of the company are sold short. Based on an average daily trading volume, of 265,400 shares, the days-to-cover ratio is currently 0.6 days.

Analyst Ratings Changes

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

Institutional Trading of Markforged

An institutional investor recently raised its position in Markforged stock. Divisar Capital Management LLC raised its stake in shares of Markforged Holding Co. (NYSE:MKFG) by 7.7% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,864,892 shares of the company’s stock after buying an additional 561,304 shares during the quarter. Divisar Capital Management LLC owned about 3.91% of Markforged worth $3,225,000 at the end of the most recent reporting period. 87.30% of the stock is currently owned by institutional investors.

Markforged Price Performance

Markforged stock remained flat at $3.14 during midday trading on Tuesday. The company had a trading volume of 51,678 shares, compared to its average volume of 104,812. The firm has a market cap of $64.75 million, a price-to-earnings ratio of -0.72 and a beta of 1.47. Markforged has a fifty-two week low of $1.57 and a fifty-two week high of $8.80. The business has a 50 day moving average of $4.06 and a 200-day moving average of $3.76.

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.