Markforged Holding Co. (NYSE:MKFG) Short Interest Update

Markforged Holding Co. (NYSE:MKFG) saw a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 77,500 shares, a drop of 16.1% from the February 28th total of 92,400 shares. Approximately 0.6% of the company’s shares are short sold. Based on an average daily volume of 105,600 shares, the days-to-cover ratio is currently 0.7 days.

Markforged Trading Down 1.3 %

Shares of MKFG traded down $0.06 on Thursday, reaching $4.65. 104,654 shares of the company’s stock were exchanged, compared to its average volume of 131,262. Markforged has a 12 month low of $1.57 and a 12 month high of $8.27. The stock has a market capitalization of $95.88 million, a P/E ratio of -1.07 and a beta of 1.50. The business has a 50 day moving average price of $3.03 and a two-hundred day moving average price of $3.61.

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

Institutional Investors Weigh In On Markforged

Several large investors have recently bought and sold shares of MKFG. Squarepoint Ops LLC grew its holdings in shares of Markforged by 182.7% in the 4th quarter. Squarepoint Ops LLC now owns 37,618 shares of the company’s stock valued at $118,000 after buying an additional 24,309 shares during the period. Northern Trust Corp increased its holdings in shares of 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 acquiring an additional 4,511 shares in the last quarter. Credit Industriel ET Commercial acquired a new stake in shares of Markforged during the fourth quarter worth about $344,000. Cigogne Management SA bought a new position in shares of Markforged during the 4th quarter valued at about $483,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. increased its stake in Markforged by 96.5% during the 4th quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 313,665 shares of the company’s stock worth $985,000 after purchasing an additional 154,000 shares in the last quarter. Institutional investors own 87.30% of the company’s stock.

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.