Short Interest in Markforged Holding Co. (NYSE:MKFG) Decreases By 19.9%

Markforged Holding Co. (NYSE:MKFG - Get Free Report) was the recipient of a large decline in short interest in December. As of December 31st, there was short interest totalling 126,500 shares, a decline of 19.9% from the December 15th total of 158,000 shares. Based on an average daily trading volume, of 123,800 shares, the days-to-cover ratio is presently 1.0 days. Currently, 1.1% of the company's stock are sold short.

Markforged Stock Up 0.9 %

NYSE MKFG traded up $0.03 on Wednesday, hitting $3.48. The stock had a trading volume of 15,757 shares, compared to its average volume of 42,862. The company's 50-day moving average is $3.81 and its two-hundred day moving average is $3.69. The stock has a market cap of $71.76 million, a price-to-earnings ratio of -0.80 and a beta of 1.51. Markforged has a one year low of $1.57 and a one year high of $8.80.

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 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,864,892 shares of the company's stock after acquiring an additional 561,304 shares during the period. Divisar Capital Management LLC owned approximately 3.91% of Markforged worth $3,225,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 87.30% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Cantor Fitzgerald restated a "neutral" rating and issued a $5.00 target price (down previously from $8.50) on shares of Markforged in a research note on Thursday, September 26th. Lake Street Capital reaffirmed a "hold" rating on shares of Markforged in a research report on Thursday, September 26th.

Markforged Company Profile

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.