Markforged Holding Co. (NYSE:MKFG) Sees Significant Decrease in Short Interest

Markforged Holding Co. (NYSE:MKFG) saw a large decrease in short interest during the month of December. As of December 31st, there was short interest totalling 126,500 shares, a decrease of 19.9% from the December 15th total of 158,000 shares. Currently, 1.1% of the shares of the stock are short sold. Based on an average trading volume of 123,800 shares, the days-to-cover ratio is currently 1.0 days.

Markforged Stock Performance

Shares of NYSE:MKFG traded up $0.01 during midday trading on Friday, reaching $3.46. The company had a trading volume of 38,925 shares, compared to its average volume of 40,239. The company has a fifty day simple moving average of $3.77 and a two-hundred day simple moving average of $3.69. The firm has a market cap of $71.35 million, a price-to-earnings ratio of -0.80 and a beta of 1.51. Markforged has a 1-year low of $1.57 and a 1-year high of $8.80.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Markforged stock. Divisar Capital Management LLC grew its holdings in Markforged Holding Co. (NYSE:MKFG) by 7.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,864,892 shares of the company’s stock after purchasing an additional 561,304 shares during the period. Divisar Capital Management LLC owned about 3.91% of Markforged worth $3,225,000 as of its most recent SEC filing. Institutional investors and hedge funds own 87.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on MKFG. Cantor Fitzgerald reiterated a “neutral” rating and issued a $5.00 target price (down from $8.50) on shares of Markforged in a report on Thursday, September 26th. Lake Street Capital restated a “hold” rating on shares of Markforged in a research report on Thursday, September 26th.

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.