Markforged Holding Co. (NYSE:MKFG) Short Interest Down 19.9% in December

Markforged Holding Co. (NYSE:MKFG) was the target of a significant decline in short interest in December. As of December 31st, there was short interest totalling 126,500 shares, a decline of 19.9% from the December 15th total of 158,000 shares. Currently, 1.1% of the company’s shares are sold short. Based on an average daily trading volume, of 123,800 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Investors Weigh In On Markforged

A hedge fund recently raised its stake in Markforged stock. Divisar Capital Management LLC increased its holdings in Markforged Holding Co. (NYSE:MKFG) by 7.7% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,864,892 shares of the company’s stock after buying an additional 561,304 shares during the period. Divisar Capital Management LLC owned about 3.91% of Markforged worth $3,225,000 as of its most recent SEC filing. 87.30% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $5.00 price objective (down from $8.50) on shares of Markforged in a research report on Thursday, September 26th. Lake Street Capital restated a “hold” rating on shares of Markforged in a research report on Thursday, September 26th.

Markforged Trading Up 1.0 %

Shares of NYSE:MKFG traded up $0.04 during midday trading on Friday, hitting $3.49. The stock had a trading volume of 2,617 shares, compared to its average volume of 36,727. The company has a market capitalization of $71.86 million, a PE ratio of -0.80 and a beta of 1.51. Markforged has a 1 year low of $1.57 and a 1 year high of $8.80. The stock has a 50 day moving average price of $3.77 and a two-hundred day moving average price of $3.69.

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.