Materialise NV (NASDAQ:MTLS) Short Interest Down 30.5% in January

Materialise NV (NASDAQ:MTLS) was the target of a significant drop in short interest in January. As of January 31st, there was short interest totalling 93,600 shares, a drop of 30.5% from the January 15th total of 134,700 shares. Based on an average daily trading volume, of 203,100 shares, the days-to-cover ratio is presently 0.5 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Materialise from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 13th.

Institutional Trading of Materialise

Several large investors have recently bought and sold shares of the business. Barclays PLC boosted its stake in shares of Materialise by 45.3% during the third quarter. Barclays PLC now owns 7,933 shares of the software maker’s stock valued at $43,000 after purchasing an additional 2,473 shares in the last quarter. LPL Financial LLC boosted its stake in shares of Materialise by 9.3% during the fourth quarter. LPL Financial LLC now owns 32,393 shares of the software maker’s stock valued at $228,000 after purchasing an additional 2,750 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Materialise by 73.3% during the fourth quarter. GAMMA Investing LLC now owns 9,165 shares of the software maker’s stock valued at $65,000 after purchasing an additional 3,875 shares in the last quarter. Quintet Private Bank Europe S.A. boosted its stake in shares of Materialise by 51.4% during the third quarter. Quintet Private Bank Europe S.A. now owns 21,965 shares of the software maker’s stock valued at $120,000 after purchasing an additional 7,459 shares in the last quarter. Finally, Disciplined Growth Investors Inc. MN boosted its stake in shares of Materialise by 0.5% during the third quarter. Disciplined Growth Investors Inc. MN now owns 1,601,641 shares of the software maker’s stock valued at $8,777,000 after purchasing an additional 8,089 shares in the last quarter. 19.30% of the stock is owned by institutional investors and hedge funds.

Materialise Price Performance

NASDAQ:MTLS traded up $0.21 during trading hours on Friday, hitting $9.62. The company’s stock had a trading volume of 343,077 shares, compared to its average volume of 178,606. The stock has a fifty day simple moving average of $7.98 and a 200-day simple moving average of $6.59. The company has a market capitalization of $568.25 million, a P/E ratio of 50.63 and a beta of 1.22. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.81 and a quick ratio of 1.65. Materialise has a twelve month low of $4.70 and a twelve month high of $9.69.

About Materialise

Materialise NV provides additive manufacturing and medical software, and 3D printing services in the Americas, Europe and Africa, and the Asia-Pacific. The company operates through three segments: Materialise Software, Materialise Medical, and Materialise Manufacturing. The Materialise Software segment offers software through programs and platforms that enable and enhance the functionality of 3D printers and of 3D printing operations.