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

Markforged Holding Co. (NYSE:MKFG) was the target of a significant drop in short interest in the month of January. As of January 31st, there was short interest totalling 96,200 shares, a drop of 17.6% from the January 15th total of 116,700 shares. Based on an average daily volume of 92,700 shares, the short-interest ratio is currently 1.0 days. Currently, 0.8% of the shares of the company are sold short.

Institutional Investors Weigh In On Markforged

Institutional investors have recently made changes to their positions in the company. Northern Trust Corp boosted its holdings in shares of Markforged by 19.9% during the fourth quarter. Northern Trust Corp now owns 27,220 shares of the company’s stock worth $85,000 after acquiring an additional 4,511 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Markforged by 104.5% during the fourth quarter. Renaissance Technologies LLC now owns 43,639 shares of the company’s stock worth $137,000 after acquiring an additional 22,300 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Markforged by 9.7% during the fourth quarter. Geode Capital Management LLC now owns 125,777 shares of the company’s stock worth $395,000 after acquiring an additional 11,099 shares during the period. Cigogne Management SA bought a new stake in shares of Markforged during the fourth quarter worth approximately $483,000. Finally, Credit Industriel ET Commercial bought a new stake in shares of Markforged during the fourth quarter worth approximately $344,000. Institutional investors own 87.30% of the company’s stock.

Markforged Trading Down 1.5 %

Markforged stock opened at $3.01 on Friday. Markforged has a 52 week low of $1.57 and a 52 week high of $8.80. The stock has a 50-day simple moving average of $3.32 and a 200 day simple moving average of $3.49.

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.