Markforged Holding Co. (NYSE:MKFG) Short Interest Down 22.1% in November

Markforged Holding Co. (NYSE:MKFG) saw a large decrease in short interest in the month of November. As of November 30th, there was short interest totalling 198,900 shares, a decrease of 22.1% from the November 15th total of 255,200 shares. Based on an average daily trading volume, of 280,100 shares, the short-interest ratio is presently 0.7 days. Currently, 1.7% of the company’s shares are short sold.

Institutional Trading of Markforged

A hedge fund recently raised its stake in Markforged stock. Divisar Capital Management LLC increased its position in shares of Markforged Holding Co. (NYSE:MKFG) by 7.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,864,892 shares of the company’s stock after buying an additional 561,304 shares during the period. Divisar Capital Management LLC owned about 3.91% of Markforged worth $3,225,000 at the end of the most recent quarter. 87.30% of the stock is owned by institutional investors.

Markforged Stock Performance

MKFG stock traded up $0.02 during midday trading on Monday, reaching $4.18. The company’s stock had a trading volume of 70,052 shares, compared to its average volume of 103,665. The stock has a fifty day simple moving average of $4.34 and a two-hundred day simple moving average of $3.85. Markforged has a 1 year low of $1.57 and a 1 year high of $8.80. The firm has a market capitalization of $86.19 million, a price-to-earnings ratio of -0.96 and a beta of 1.47.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Cantor Fitzgerald restated a “neutral” rating and set a $5.00 price target (down previously 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 report on Thursday, September 26th.

About Markforged

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.