Short Interest in Markforged Holding Co. (NYSE:MKFG) Increases By 185.7%

Markforged Holding Co. (NYSE:MKFG) was the recipient of a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 221,400 shares, an increase of 185.7% from the March 15th total of 77,500 shares. Based on an average daily trading volume, of 150,500 shares, the short-interest ratio is currently 1.5 days. Approximately 1.8% of the shares of the stock are short sold.

Institutional Investors Weigh In On Markforged

Large investors have recently bought and sold shares of the business. Squarepoint Ops LLC lifted its position in shares of Markforged by 182.7% during the 4th quarter. Squarepoint Ops LLC now owns 37,618 shares of the company’s stock worth $118,000 after purchasing an additional 24,309 shares during the last quarter. Northern Trust Corp raised its position in Markforged by 19.9% in the fourth quarter. Northern Trust Corp now owns 27,220 shares of the company’s stock worth $85,000 after purchasing an additional 4,511 shares in the last quarter. Credit Industriel ET Commercial bought a new position in shares of Markforged during the 4th quarter worth approximately $344,000. Cigogne Management SA acquired a new stake in shares of Markforged in the 4th quarter valued at $483,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. grew its stake in Markforged by 96.5% during the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 313,665 shares of the company’s stock worth $985,000 after buying an additional 154,000 shares during the last quarter. 87.30% of the stock is currently owned by institutional investors.

Markforged Price Performance

Shares of MKFG traded up $0.05 during trading hours on Wednesday, hitting $4.75. 168,771 shares of the company were exchanged, compared to its average volume of 137,188. The firm has a fifty day simple moving average of $3.43 and a 200-day simple moving average of $3.74. The company has a market capitalization of $98.55 million, a PE ratio of -1.09 and a beta of 0.92. Markforged has a one year low of $1.57 and a one year high of $7.30.

Markforged (NYSE:MKFG) last announced its quarterly earnings data on Friday, March 28th. The company reported ($0.42) EPS for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.09). Markforged had a negative return on equity of 34.99% and a negative net margin of 101.18%. The business had revenue of $22.30 million for the quarter, compared to analyst estimates of $22.30 million. Sell-side analysts expect that Markforged will post -2 EPS for the current year.

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.