Markforged Holding Co. (NYSE:MKFG - Get Free Report) saw a large decrease in short interest in the month of January. As of January 31st, there was short interest totalling 96,200 shares, a decrease of 17.6% from the January 15th total of 116,700 shares. Based on an average daily trading volume, of 92,700 shares, the short-interest ratio is presently 1.0 days. Currently, 0.8% of the company's shares are short sold.
Markforged Stock Performance
MKFG stock traded up $0.03 during mid-day trading on Wednesday, reaching $2.95. 85,610 shares of the stock traded hands, compared to its average volume of 62,535. Markforged has a one year low of $1.57 and a one year high of $8.80. The business has a 50-day moving average price of $3.24 and a two-hundred day moving average price of $3.48. The stock has a market capitalization of $60.81 million, a PE ratio of -0.68 and a beta of 1.50.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of MKFG. Northern Trust Corp grew its position in Markforged by 19.9% in the 4th quarter. Northern Trust Corp now owns 27,220 shares of the company's stock valued at $85,000 after acquiring an additional 4,511 shares during the last quarter. Wolverine Asset Management LLC raised its stake in shares of Markforged by 336.2% during the fourth quarter. Wolverine Asset Management LLC now owns 32,731 shares of the company's stock valued at $103,000 after acquiring an additional 25,228 shares in the last quarter. Virtu Financial LLC bought a new position in Markforged in the fourth quarter worth approximately $116,000. Squarepoint Ops LLC increased its holdings in Markforged by 182.7% during the 4th quarter. Squarepoint Ops LLC now owns 37,618 shares of the company's stock worth $118,000 after purchasing an additional 24,309 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in shares of Markforged by 104.5% in the 4th quarter. Renaissance Technologies LLC now owns 43,639 shares of the company's stock worth $137,000 after buying an additional 22,300 shares during the period. Institutional investors own 87.30% of the company's stock.
About Markforged
(
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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.
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