Short Interest in Matterport, Inc. (NASDAQ:MTTR) Expands By 22.3%

Matterport, Inc. (NASDAQ:MTTR - Get Free Report) was the recipient of a significant growth in short interest in February. As of February 15th, there was short interest totalling 8,330,000 shares, a growth of 22.3% from the January 31st total of 6,810,000 shares. Approximately 3.0% of the shares of the company are sold short. Based on an average daily volume of 3,930,000 shares, the short-interest ratio is currently 2.1 days.

Matterport Stock Performance

NASDAQ MTTR remained flat at $5.38 during trading hours on Friday. The company has a market capitalization of $1.74 billion, a P/E ratio of -6.48 and a beta of 1.06. Matterport has a 1 year low of $1.73 and a 1 year high of $5.46. The company has a 50 day moving average price of $5.17 and a 200-day moving average price of $4.84.

Matterport (NASDAQ:MTTR - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.11). The firm had revenue of $43.82 million for the quarter, compared to analysts' expectations of $42.87 million. Matterport had a negative return on equity of 32.19% and a negative net margin of 157.21%. Equities research analysts expect that Matterport will post -0.44 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Matterport by 2.1% in the fourth quarter. Vanguard Group Inc. now owns 27,706,444 shares of the company's stock valued at $131,329,000 after buying an additional 578,754 shares in the last quarter. Geode Capital Management LLC increased its holdings in Matterport by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 6,568,596 shares of the company's stock valued at $31,142,000 after buying an additional 34,434 shares in the last quarter. Alliancebernstein L.P. increased its holdings in Matterport by 2.1% in the fourth quarter. Alliancebernstein L.P. now owns 5,386,913 shares of the company's stock valued at $25,534,000 after buying an additional 111,613 shares in the last quarter. Balyasny Asset Management L.P. increased its holdings in Matterport by 8,366.4% in the fourth quarter. Balyasny Asset Management L.P. now owns 5,305,154 shares of the company's stock valued at $25,146,000 after buying an additional 5,242,493 shares in the last quarter. Finally, AQR Arbitrage LLC increased its holdings in Matterport by 5.5% in the fourth quarter. AQR Arbitrage LLC now owns 3,721,034 shares of the company's stock valued at $17,638,000 after buying an additional 194,468 shares in the last quarter. 36.96% of the stock is owned by hedge funds and other institutional investors.

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About Matterport

Matterport, Inc, a spatial data company, focuses on digitization and datafication in the United States and internationally. The company offers Matterport Capture Services, a fully managed solution for enterprise subscribers; Matterport Pro3, a 3D camera that scans properties; Matterport Pro2, a 3D camera that captures spaces; LEICA BLK360, a device to create digital twins; Smartphone Capture, a smartphone capture solution for both iOS and Android; and 360 Cameras.