Dassault Systemes SA (OTCMKTS:DASTY) Sees Large Increase in Short Interest

Dassault Systemes SA (OTCMKTS:DASTY) saw a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 112,398 shares, a growth of 1,214.0% from the December 31st total of 8,554 shares. Based on an average daily trading volume, of 370,191 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the shares of the stock are short sold. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 370,191 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Dassault Systemes stock. Yousif Capital Management LLC grew its position in shares of Dassault Systemes SA (OTCMKTS:DASTY) by 7.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,389 shares of the technology company’s stock after purchasing an additional 1,550 shares during the period. Yousif Capital Management LLC’s holdings in Dassault Systemes were worth $808,000 at the end of the most recent quarter. Institutional investors own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Citigroup reiterated a “neutral” rating on shares of Dassault Systemes in a research report on Thursday, December 11th. Rothschild Redb raised Dassault Systemes to a “hold” rating in a report on Friday, January 9th. Two equities research analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy”.

Dassault Systemes Price Performance

Shares of DASTY traded down $0.03 during mid-day trading on Tuesday, reaching $28.60. 109,126 shares of the company’s stock were exchanged, compared to its average volume of 164,608. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.14. Dassault Systemes has a 52-week low of $26.33 and a 52-week high of $44.18. The company has a market cap of $38.37 billion, a price-to-earnings ratio of 30.11, a PEG ratio of 6.57 and a beta of 0.98. The company has a 50-day simple moving average of $27.76 and a two-hundred day simple moving average of $30.56.

Dassault Systemes Company Profile

Dassault Systèmes is a France-based software company that develops solutions for 3D design, digital mock-up and product lifecycle management (PLM). Founded as a technology spin-off from Dassault Aviation in 1981, the company is headquartered near Paris and has grown into a global provider of engineering and business software used to model, simulate and manage products and processes across their lifecycles. Its platforms and applications are aimed at enabling digital continuity from ideation and design through manufacturing, operation and service.

The company’s product portfolio centers on the 3DEXPERIENCE platform, which integrates applications for computer-aided design (CAD), simulation, data management and collaboration.