Dassault Systemes SA (OTCMKTS:DASTY) Short Interest Down 70.9% in May

Dassault Systemes SA (OTCMKTS:DASTY) was the recipient of a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 29,201 shares, a decline of 70.9% from the May 14th total of 100,482 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 168,073 shares, the days-to-cover ratio is currently 0.2 days.

Dassault Systemes Stock Performance

DASTY traded down $1.52 on Friday, hitting $19.94. The company had a trading volume of 260,135 shares, compared to its average volume of 306,739. The company’s fifty day moving average price is $22.24 and its 200 day moving average price is $24.06. Dassault Systemes has a 1-year low of $18.99 and a 1-year high of $38.49. 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 stock has a market cap of $26.76 billion, a price-to-earnings ratio of 18.81, a price-to-earnings-growth ratio of 6.18 and a beta of 1.00.

Institutional Trading of Dassault Systemes

A hedge fund recently raised its stake in Dassault Systemes stock. GAMMA Investing LLC grew its holdings in Dassault Systemes SA (OTCMKTS:DASTY) by 49.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,866 shares of the technology company’s stock after acquiring an additional 951 shares during the quarter. 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 hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DASTY has been the topic of a number of recent research reports. Kepler Capital Markets upgraded Dassault Systemes to a “strong-buy” rating in a research note on Thursday, February 19th. Citigroup reiterated a “neutral” rating on shares of Dassault Systemes in a research report on Friday, February 20th. The Goldman Sachs Group cut shares of Dassault Systemes from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Zacks Research cut Dassault Systemes from a “hold” rating to a “strong sell” rating in a research note on Friday, May 22nd. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Dassault Systemes in a research note on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

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.