Dassault Systemes SA (OTCMKTS:DASTY) Sees Significant Decrease in Short Interest

Dassault Systemes SA (OTCMKTS:DASTY) was the recipient of a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 9,191 shares, a decline of 68.5% from the May 31st total of 29,201 shares. Based on an average daily volume of 308,910 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on DASTY shares. The Goldman Sachs Group lowered Dassault Systemes from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Jefferies Financial Group reiterated a “buy” rating on shares of Dassault Systemes in a research report on Monday, April 20th. Finally, Zacks Research upgraded Dassault Systemes from a “strong sell” rating to a “hold” rating in a research report on Monday, June 22nd. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Dassault Systemes Stock Up 1.8%

DASTY stock opened at $20.30 on Friday. The company’s 50 day simple moving average is $22.09 and its 200-day simple moving average is $23.48. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.70 and a quick ratio of 1.70. Dassault Systemes has a 52-week low of $18.99 and a 52-week high of $38.49. The firm has a market capitalization of $27.24 billion, a P/E ratio of 19.15, a P/E/G ratio of 5.95 and a beta of 1.00.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Dassault Systemes stock. GAMMA Investing LLC lifted its stake in Dassault Systemes SA (OTCMKTS:DASTY) by 49.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,866 shares of the technology company’s stock after acquiring an additional 951 shares during the quarter. GAMMA Investing LLC’s holdings in Dassault Systemes were worth $80,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 0.03% of the company’s stock.

Dassault Systemes Company Profile

Dassault Systèmes is a France-based software company that develops solutions for 3D design, digital mock-up and product lifecycle management (PLM). Founded as a technology spin-off from Dassault Aviation in 1981, the company is headquartered near Paris and has grown into a global provider of engineering and business software used to model, simulate and manage products and processes across their lifecycles. Its platforms and applications are aimed at enabling digital continuity from ideation and design through manufacturing, operation and service.

The company’s product portfolio centers on the 3DEXPERIENCE platform, which integrates applications for computer-aided design (CAD), simulation, data management and collaboration.