Matterport, Inc. (NASDAQ:MTTR) Short Interest Update

Matterport, Inc. (NASDAQ:MTTR - Get Free Report) saw a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 6,810,000 shares, a growth of 80.2% from the January 15th total of 3,780,000 shares. Currently, 2.5% of the company's shares are sold short. Based on an average daily trading volume, of 3,090,000 shares, the days-to-cover ratio is presently 2.2 days.

Matterport Stock Performance

MTTR stock traded up $0.04 during midday trading on Monday, reaching $5.25. The company's stock had a trading volume of 6,026,440 shares, compared to its average volume of 4,712,881. Matterport has a 1 year low of $1.73 and a 1 year high of $5.36. The firm has a market capitalization of $1.70 billion, a price-to-earnings ratio of -6.33 and a beta of 1.06. The stock has a fifty day simple moving average of $5.01 and a two-hundred day simple moving average of $4.71.

Insiders Place Their Bets

In other news, CFO James Daniel Fay sold 119,312 shares of the company's stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $4.73, for a total transaction of $564,345.76. Following the transaction, the chief financial officer now owns 1,690,458 shares of the company's stock, valued at approximately $7,995,866.34. This represents a 6.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CTO Japjit Tulsi sold 85,015 shares of the firm's stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $4.73, for a total value of $402,120.95. Following the sale, the chief technology officer now directly owns 608,744 shares of the company's stock, valued at $2,879,359.12. This represents a 12.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 645,163 shares of company stock valued at $3,051,621 over the last three months. 17.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Versant Capital Management Inc purchased a new position in shares of Matterport during the fourth quarter worth approximately $29,000. Allspring Global Investments Holdings LLC bought a new stake in Matterport during the 3rd quarter valued at $30,000. Vestcor Inc purchased a new stake in shares of Matterport in the 4th quarter worth $33,000. SBI Securities Co. Ltd. bought a new position in shares of Matterport during the 4th quarter worth $34,000. Finally, CIBC Asset Management Inc purchased a new position in shares of Matterport during the fourth quarter valued at $50,000. Hedge funds and other institutional investors own 36.96% of the company's stock.

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.