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

Dassault Systemes SA (OTCMKTS:DASTY) saw a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 123,401 shares, an increase of 1,242.6% from the June 15th total of 9,191 shares. Based on an average daily volume of 636,924 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on DASTY shares. Jefferies Financial Group reiterated a “buy” rating on shares of Dassault Systemes in a report on Monday, April 20th. Zacks Research raised Dassault Systemes from a “strong sell” rating to a “hold” rating in a research report on Monday, June 22nd. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Hedge Funds Weigh In On Dassault Systemes

A hedge fund recently raised its position in Dassault Systemes stock. GAMMA Investing LLC lifted its stake in Dassault Systemes SA (OTCMKTS:DASTY) by 49.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,866 shares of the technology company’s stock after buying an additional 951 shares during the period. GAMMA Investing LLC’s holdings in Dassault Systemes were worth $80,000 at the end of the most recent reporting period. 0.03% of the stock is currently owned by institutional investors.

Dassault Systemes Stock Performance

Shares of OTCMKTS DASTY traded up $0.01 during trading hours on Friday, hitting $20.83. 166,137 shares of the stock were exchanged, compared to its average volume of 246,819. Dassault Systemes has a one year low of $18.99 and a one year high of $38.15. The company’s 50 day moving average is $21.81 and its 200 day moving average is $23.03. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.70 and a quick ratio of 1.70. The firm has a market capitalization of $27.95 billion, a P/E ratio of 19.65, a P/E/G ratio of 6.10 and a beta of 1.00.

About Dassault Systemes

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.