Matterport, Inc. (NASDAQ:MTTR) Short Interest Up 22.3% in February

Matterport, Inc. (NASDAQ:MTTR) was the target of a large increase in short interest in February. As of February 15th, there was short interest totalling 8,330,000 shares, an increase of 22.3% from the January 31st total of 6,810,000 shares. Based on an average daily trading volume, of 3,930,000 shares, the days-to-cover ratio is currently 2.1 days. Currently, 3.0% of the shares of the stock are short sold.

Matterport Price Performance

Shares of MTTR stock remained flat at $5.38 during mid-day trading on Wednesday. The business has a 50-day moving average price of $5.13 and a 200 day moving average price of $4.81. Matterport has a twelve month low of $1.73 and a twelve month high of $5.46. The stock has a market cap of $1.74 billion, a price-to-earnings ratio of -6.48 and a beta of 1.06.

Matterport (NASDAQ:MTTR) last released its quarterly earnings data on Wednesday, February 26th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.11). Matterport had a negative net margin of 157.21% and a negative return on equity of 32.19%. The company had revenue of $43.82 million for the quarter, compared to the consensus estimate of $42.87 million. On average, equities analysts anticipate that Matterport will post -0.44 EPS for the current fiscal year.

Hedge Funds Weigh In On Matterport

Several institutional investors have recently added to or reduced their stakes in MTTR. JPMorgan Chase & Co. boosted its position in shares of Matterport by 116.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,967,215 shares of the company’s stock valued at $8,852,000 after acquiring an additional 1,057,537 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Matterport by 14.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,312,945 shares of the company’s stock valued at $10,408,000 after purchasing an additional 288,544 shares during the last quarter. Western Standard LLC purchased a new position in shares of Matterport in the 3rd quarter worth $3,322,000. Alpine Associates Management Inc. grew its stake in shares of Matterport by 57.2% in the 3rd quarter. Alpine Associates Management Inc. now owns 2,045,682 shares of the company’s stock worth $9,206,000 after buying an additional 744,582 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D bought a new stake in shares of Matterport in the 3rd quarter worth about $2,015,000. Hedge funds and other institutional investors own 36.96% of the company’s stock.

Matterport Company Profile

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.