Nano Dimension Ltd. (NASDAQ:NNDM) was the target of a large increase in short interest during the month of September. As of September 30th, there was short interest totalling 1,470,000 shares, an increase of 65.1% from the September 15th total of 890,100 shares. Based on an average daily volume of 4,690,000 shares, the short-interest ratio is presently 0.3 days.
Shares of NASDAQ:NNDM opened at $4.91 on Friday. Nano Dimension has a one year low of $0.51 and a one year high of $6.00. The company has a market cap of $20.38 million, a price-to-earnings ratio of -4.72 and a beta of 1.79. The firm has a 50 day simple moving average of $1.94 and a 200 day simple moving average of $37.42.
Nano Dimension (NASDAQ:NNDM) last announced its quarterly earnings results on Thursday, August 13th. The technology company reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.18). Nano Dimension had a negative return on equity of 67.17% and a negative net margin of 307.64%. The company had revenue of $0.29 million for the quarter.
Institutional investors and hedge funds have recently modified their holdings of the business. Patriot Financial Group Insurance Agency LLC bought a new position in Nano Dimension in the second quarter valued at about $533,000. Commonwealth Equity Services LLC acquired a new position in shares of Nano Dimension in the second quarter valued at approximately $268,000. Wedbush Securities Inc. acquired a new position in shares of Nano Dimension in the second quarter valued at approximately $83,000. Psagot Investment House Ltd. bought a new position in Nano Dimension in the 2nd quarter valued at approximately $36,000. Finally, Creative Planning acquired a new stake in Nano Dimension during the 2nd quarter worth approximately $34,000. 27.06% of the stock is owned by institutional investors and hedge funds.
Nano Dimension Company Profile
Nano Dimension Ltd., together with its subsidiaries, provides additive electronics in Israel and internationally. Its flagship product is the proprietary DragonFly lights-out digital manufacturing system, a precision system that produces professional multilayer circuit-boards, radio frequency antennas, sensors, conductive geometries, and molded connected devices for prototyping through custom additive manufacturing.
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