Markforged Holding Co. (NYSE:MKFG) Sees Significant Decrease in Short Interest

Markforged Holding Co. (NYSE:MKFG) was the recipient of a large drop in short interest in December. As of December 15th, there was short interest totalling 158,000 shares, a drop of 20.6% from the November 30th total of 198,900 shares. Currently, 1.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 265,400 shares, the short-interest ratio is currently 0.6 days.

Analysts Set New Price Targets

MKFG has been the topic of a number of research reports. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $5.00 price target (down from $8.50) on shares of Markforged in a research note on Thursday, September 26th. Lake Street Capital restated a “hold” rating on shares of Markforged in a research report on Thursday, September 26th.

Markforged Price Performance

MKFG traded down $0.16 on Friday, reaching $3.08. 25,742 shares of the company’s stock were exchanged, compared to its average volume of 105,158. Markforged has a twelve month low of $1.57 and a twelve month high of $8.80. The stock has a market cap of $63.51 million, a PE ratio of -0.71 and a beta of 1.47. The stock’s fifty day moving average price is $4.09 and its 200-day moving average price is $3.78.

Institutional Investors Weigh In On Markforged

A hedge fund recently raised its stake in Markforged stock. Divisar Capital Management LLC boosted its stake in Markforged Holding Co. (NYSE:MKFG) by 7.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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 approximately 3.91% of Markforged worth $3,225,000 at the end of the most recent quarter. 87.30% of the stock is currently owned by hedge funds and other institutional investors.

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.