Short Interest in Markforged Holding Co. (NYSE:MKFG) Drops By 22.1%

Posted by Tech Dows on Dec 17th, 2024

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in Markforged stock. Divisar Capital Management LLC increased its stake in Markforged Holding Co. (NYSE:MKFG – Free Report) by 7.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,864,892 shares of the company’s stock after buying an additional 561,304 shares during the quarter. Divisar Capital Management LLC owned about 3.91% of Markforged worth $3,225,000 as of its most recent filing with the SEC. 87.30% of the stock is owned by hedge funds and other institutional investors.

Markforged Stock Up 0.5 %

Shares of NYSE MKFG traded up $0.02 during midday trading on Monday, hitting $4.18. The stock had a trading volume of 70,052 shares, compared to its average volume of 103,665. The company has a fifty day moving average price of $4.34 and a 200 day moving average price of $3.85. The company has a market capitalization of $86.19 million, a price-to-earnings ratio of -0.96 and a beta of 1.47. Markforged has a 1-year low of $1.57 and a 1-year high of $8.80.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Research Report on MKFG

Markforged Company Profile

(Get Free Report)

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.