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

Markforged Holding Co. (NYSE:MKFG - Get Free Report) was the target of a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 221,400 shares, a growth of 185.7% from the March 15th total of 77,500 shares. Based on an average daily trading volume, of 150,500 shares, the short-interest ratio is presently 1.5 days. Currently, 1.8% of the shares of the company are short sold.

Markforged Stock Down 0.8 %

Shares of Markforged stock traded down $0.04 on Friday, hitting $4.74. The stock had a trading volume of 57,692 shares, compared to its average volume of 137,672. The stock has a market cap of $98.34 million, a price-to-earnings ratio of -1.09 and a beta of 0.92. The business's 50 day moving average is $3.51 and its two-hundred day moving average is $3.74. Markforged has a twelve month low of $1.57 and a twelve month high of $6.90.

Markforged (NYSE:MKFG - Get Free Report) last released its quarterly earnings results on Friday, March 28th. The company reported ($0.42) EPS for the quarter, missing analysts' consensus estimates of ($0.33) by ($0.09). The business had revenue of $22.30 million for the quarter, compared to the consensus estimate of $22.30 million. Markforged had a negative return on equity of 34.99% and a negative net margin of 101.18%. As a group, equities analysts predict that Markforged will post -2 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Markforged

Several institutional investors have recently made changes to their positions in the stock. Northern Trust Corp increased its position 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 purchasing an additional 4,511 shares during the period. Wolverine Asset Management LLC raised its holdings in shares of Markforged by 336.2% during the 4th quarter. Wolverine Asset Management LLC now owns 32,731 shares of the company's stock worth $103,000 after buying an additional 25,228 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Markforged during the 4th quarter worth $116,000. Squarepoint Ops LLC boosted its stake in Markforged by 182.7% in the fourth 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 in the last quarter. Finally, Renaissance Technologies LLC grew its position in Markforged by 104.5% in the fourth quarter. Renaissance Technologies LLC now owns 43,639 shares of the company's stock valued at $137,000 after acquiring an additional 22,300 shares during the last quarter. 87.30% of the stock is currently owned by institutional investors.

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.