Dassault Systèmes SE (OTCMKTS:DASTY) Sees Significant Decline in Short Interest

Dassault Systèmes SE (OTCMKTS:DASTY) was the recipient of a significant decline in short interest in the month of March. As of March 31st, there was short interest totalling 6,100 shares, a decline of 87.9% from the March 15th total of 50,300 shares. Based on an average daily trading volume, of 142,500 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

Institutional Investors Weigh In On Dassault Systèmes

A hedge fund recently raised its stake in Dassault Systèmes stock. Boston Common Asset Management LLC increased its stake in shares of Dassault Systèmes SE (OTCMKTS:DASTY) by 38.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 40,184 shares of the technology company’s stock after buying an additional 11,066 shares during the period. Boston Common Asset Management LLC’s holdings in Dassault Systèmes were worth $1,517,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 0.03% of the company’s stock.

Dassault Systèmes Stock Up 0.4 %

OTCMKTS DASTY traded up $0.14 on Monday, reaching $37.13. The company had a trading volume of 101,539 shares, compared to its average volume of 116,558. Dassault Systèmes has a 52-week low of $32.85 and a 52-week high of $44.18. The stock has a market capitalization of $49.70 billion, a P/E ratio of 37.89, a P/E/G ratio of 3.83 and a beta of 0.95. The company’s fifty day moving average is $40.58 and its 200 day moving average is $37.48. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 0.26.

Dassault Systèmes (OTCMKTS:DASTY) last announced its earnings results on Tuesday, February 4th. The technology company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.04). Dassault Systèmes had a return on equity of 18.50% and a net margin of 19.29%. Sell-side analysts anticipate that Dassault Systèmes will post 1.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Berenberg Bank upgraded Dassault Systèmes from a “hold” rating to a “strong-buy” rating in a report on Monday, March 3rd.

About Dassault Systèmes

Dassault Systèmes SE provides software solutions and services worldwide. It offers SOLIDWORKS provides easy-to-use 2D and 3D product development solutions accessible to any business; CATIA, an engineering and design software for product 3D computer-aided design; GEOVIA for intersection of natural resources, infrastructure, and urban planning; and BIOVIA that develops chemicals, biologics, and materials experiences.