Short Interest in Markforged Holding Co. (NYSE:MKFG) Decreases By 16.1%

Markforged Holding Co. (NYSE:MKFG) was the recipient of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 77,500 shares, a decrease of 16.1% from the February 28th total of 92,400 shares. Approximately 0.6% of the company’s stock are short sold. Based on an average daily volume of 105,600 shares, the short-interest ratio is currently 0.7 days.

Markforged Price Performance

Shares of NYSE:MKFG traded up $0.13 during midday trading on Wednesday, reaching $4.72. The company had a trading volume of 544,529 shares, compared to its average volume of 131,354. The stock has a market capitalization of $97.33 million, a P/E ratio of -1.09 and a beta of 1.50. The stock’s fifty day moving average price is $3.00 and its 200-day moving average price is $3.60. Markforged has a one year low of $1.57 and a one year high of $8.27.

Markforged (NYSE:MKFG) last issued its earnings results on Friday, March 28th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.09). Markforged had a negative net margin of 101.18% and a negative return on equity of 34.99%. The company had revenue of $22.30 million during the quarter, compared to analyst estimates of $22.30 million. As a group, sell-side analysts forecast that Markforged will post -2 earnings per share for the current year.

Hedge Funds Weigh In On Markforged

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Northern Trust Corp lifted its holdings in shares of Markforged by 19.9% in the 4th quarter. Northern Trust Corp now owns 27,220 shares of the company’s stock worth $85,000 after purchasing an additional 4,511 shares during the last quarter. Wolverine Asset Management LLC grew its position in shares of Markforged by 336.2% during the fourth quarter. Wolverine Asset Management LLC now owns 32,731 shares of the company’s stock worth $103,000 after acquiring an additional 25,228 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Markforged in the 4th quarter worth about $116,000. Squarepoint Ops LLC lifted its position in Markforged by 182.7% in the 4th quarter. Squarepoint Ops LLC now owns 37,618 shares of the company’s stock valued at $118,000 after purchasing an additional 24,309 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Markforged by 104.5% during the 4th quarter. Renaissance Technologies LLC now owns 43,639 shares of the company’s stock valued at $137,000 after purchasing an additional 22,300 shares during the period. 87.30% of the stock is currently owned by institutional investors and hedge funds.

Markforged Company Profile

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.