Materialise NV (NASDAQ:MTLS) Short Interest Update

Materialise NV (NASDAQ:MTLS - Get Free Report) was the target of a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 412,100 shares, an increase of 391.8% from the February 13th total of 83,800 shares. Approximately 0.7% of the company's stock are sold short. Based on an average trading volume of 292,300 shares, the short-interest ratio is currently 1.4 days.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Materialise from a "buy" rating to a "hold" rating in a research note on Friday, February 28th.

Institutional Investors Weigh In On Materialise

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Barclays PLC grew its position in shares of Materialise by 45.3% in the 3rd quarter. Barclays PLC now owns 7,933 shares of the software maker's stock valued at $43,000 after acquiring an additional 2,473 shares during the period. GAMMA Investing LLC grew its position in shares of Materialise by 73.3% in the 4th quarter. GAMMA Investing LLC now owns 9,165 shares of the software maker's stock valued at $65,000 after acquiring an additional 3,875 shares during the period. Truist Financial Corp bought a new position in shares of Materialise in the 4th quarter valued at about $79,000. Commonwealth Equity Services LLC bought a new position in shares of Materialise in the 4th quarter valued at about $85,000. Finally, Trexquant Investment LP bought a new position in shares of Materialise in the 4th quarter valued at about $103,000. 19.30% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Materialise Stock Up 6.2 %

MTLS stock traded up $0.31 during midday trading on Friday, hitting $5.25. The company's stock had a trading volume of 158,487 shares, compared to its average volume of 325,970. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.81 and a quick ratio of 1.65. Materialise has a twelve month low of $4.70 and a twelve month high of $9.69. The company's fifty day moving average price is $7.36 and its 200 day moving average price is $6.63. The stock has a market capitalization of $309.81 million, a P/E ratio of 20.96 and a beta of 1.29.

Materialise (NASDAQ:MTLS - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The software maker reported $0.05 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.05. Materialise had a net margin of 5.04% and a return on equity of 5.47%. The firm had revenue of $68.24 million for the quarter, compared to analyst estimates of $71.66 million. As a group, equities research analysts predict that Materialise will post 0.3 EPS for the current year.

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.