Short Interest in Dassault Systemes SA (OTCMKTS:DASTY) Decreases By 78.2%

Dassault Systemes SA (OTCMKTS:DASTY) was the target of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 14,600 shares, a decrease of 78.2% from the September 30th total of 66,900 shares. Based on an average daily trading volume, of 191,400 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 191,400 shares, the short-interest ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on DASTY. Wall Street Zen cut shares of Dassault Systemes from a “buy” rating to a “hold” rating in a report on Sunday, September 14th. Citigroup reissued a “neutral” rating on shares of Dassault Systemes in a report on Friday, July 25th. Two equities research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy”.

Dassault Systemes Trading Down 1.3%

OTCMKTS DASTY opened at $29.63 on Tuesday. The stock has a market capitalization of $39.75 billion, a P/E ratio of 31.19, a P/E/G ratio of 4.62 and a beta of 1.01. Dassault Systemes has a 52-week low of $29.56 and a 52-week high of $44.18. The firm has a 50-day moving average price of $32.51 and a 200 day moving average price of $34.94. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.25.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in DASTY. Rhumbline Advisers increased its holdings in Dassault Systemes by 18.9% in the first quarter. Rhumbline Advisers now owns 20,836 shares of the technology company’s stock valued at $795,000 after buying an additional 3,306 shares in the last quarter. Yousif Capital Management LLC increased its holdings in Dassault Systemes by 7.4% in the second quarter. Yousif Capital Management LLC now owns 22,389 shares of the technology company’s stock valued at $808,000 after buying an additional 1,550 shares in the last quarter. Finally, Azimuth Capital Investment Management LLC increased its holdings in Dassault Systemes by 27.5% in the first quarter. Azimuth Capital Investment Management LLC now owns 120,425 shares of the technology company’s stock valued at $4,545,000 after buying an additional 25,988 shares in the last quarter. 0.03% of the stock is owned by hedge funds and other institutional investors.

About Dassault Systemes

Dassault Systèmes SE provides software solutions and services worldwide. It offers SOLIDWORKS provides easy-to-use 2D and 3D product development solutions accessible to any business; CATIA, an engineering and design software for product 3D computer-aided design; GEOVIA for intersection of natural resources, infrastructure, and urban planning; and BIOVIA that develops chemicals, biologics, and materials experiences.