Materialise NV (NASDAQ:MTLS) Sees Large Increase in Short Interest

Materialise NV (NASDAQ:MTLS - Get Free Report) saw a large growth in short interest in December. As of December 15th, there was short interest totalling 245,500 shares, a growth of 298.5% from the November 30th total of 61,600 shares. Based on an average trading volume of 179,700 shares, the short-interest ratio is currently 1.4 days.

Materialise Price Performance

NASDAQ:MTLS traded up $0.04 during trading hours on Thursday, hitting $7.37. The company's stock had a trading volume of 73,116 shares, compared to its average volume of 116,220. The company has a market capitalization of $435.32 million, a PE ratio of 38.79 and a beta of 1.19. Materialise has a 52-week low of $4.70 and a 52-week high of $8.50. The business's 50-day moving average is $6.95 and its two-hundred day moving average is $5.85. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.65 and a current ratio of 1.81.

Institutional Trading of Materialise

A number of institutional investors have recently bought and sold shares of MTLS. Disciplined Growth Investors Inc. MN grew its position in shares of Materialise by 0.5% in the third quarter. Disciplined Growth Investors Inc. MN now owns 1,601,641 shares of the software maker's stock valued at $8,777,000 after purchasing an additional 8,089 shares during the last quarter. Rock Point Advisors LLC boosted its stake in shares of Materialise by 4.0% during the second quarter. Rock Point Advisors LLC now owns 670,901 shares of the software maker's stock valued at $3,361,000 after acquiring an additional 25,637 shares during the last quarter. Quintet Private Bank Europe S.A. increased its position in Materialise by 51.4% during the 3rd quarter. Quintet Private Bank Europe S.A. now owns 21,965 shares of the software maker's stock worth $120,000 after purchasing an additional 7,459 shares in the last quarter. Ballentine Partners LLC purchased a new position in Materialise in the 3rd quarter valued at about $124,000. Finally, Quadrature Capital Ltd boosted its stake in shares of Materialise by 104.0% during the 3rd quarter. Quadrature Capital Ltd now owns 36,350 shares of the software maker's stock worth $199,000 after purchasing an additional 18,532 shares during the last quarter. 19.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Materialise from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, November 13th.

About Materialise

Materialise NV provides additive manufacturing and medical software, and 3D printing services in the Americas, Europe and Africa, and the Asia-Pacific. The company operates through three segments: Materialise Software, Materialise Medical, and Materialise Manufacturing. The Materialise Software segment offers software through programs and platforms that enable and enhance the functionality of 3D printers and of 3D printing operations.