Short Interest in Materialise NV (NASDAQ:MTLS) Expands By 391.8%

Materialise NV (NASDAQ:MTLS) was the recipient of a significant growth in short interest in February. As of February 28th, there was short interest totalling 412,100 shares, a growth of 391.8% from the February 13th total of 83,800 shares. Based on an average daily volume of 292,300 shares, the days-to-cover ratio is currently 1.4 days. Approximately 0.7% of the shares of the stock are sold short.

Institutional Trading of Materialise

A number of large investors have recently made changes to their positions in MTLS. Barclays PLC increased its stake in Materialise by 45.3% during the third quarter. Barclays PLC now owns 7,933 shares of the software maker’s stock worth $43,000 after acquiring an additional 2,473 shares during the last quarter. GAMMA Investing LLC lifted its position in Materialise by 73.3% in the fourth quarter. GAMMA Investing LLC now owns 9,165 shares of the software maker’s stock worth $65,000 after buying an additional 3,875 shares during the last quarter. Truist Financial Corp purchased a new position in Materialise during the fourth quarter worth $79,000. Commonwealth Equity Services LLC bought a new position in Materialise during the fourth quarter valued at $85,000. Finally, Trexquant Investment LP purchased a new stake in shares of Materialise in the fourth quarter valued at $103,000. 19.30% of the stock is currently owned by institutional investors.

Materialise Price Performance

Shares of NASDAQ:MTLS traded down $0.01 during midday trading on Wednesday, reaching $4.97. 224,782 shares of the company were exchanged, compared to its average volume of 330,763. The stock has a market cap of $293.56 million, a PE ratio of 19.88 and a beta of 1.29. The business’s fifty day moving average is $7.44 and its two-hundred day moving average is $6.65. Materialise has a one year low of $4.70 and a one year high of $9.69. The company has a current ratio of 1.81, a quick ratio of 1.65 and a debt-to-equity ratio of 0.10.

Materialise (NASDAQ:MTLS) last announced its quarterly earnings results on Thursday, February 20th. The software maker reported $0.05 EPS for the quarter, meeting analysts’ consensus estimates of $0.05. The company had revenue of $68.24 million during the quarter, compared to analyst estimates of $71.66 million. Materialise had a return on equity of 5.47% and a net margin of 5.04%. As a group, analysts predict that Materialise will post 0.3 earnings per share for the current year.

Analyst Ratings Changes

Separately, StockNews.com downgraded Materialise from a “buy” rating to a “hold” rating in a research note on Friday, February 28th.

About Materialise

Materialise NV provides additive manufacturing and medical software, and 3D printing services in the Americas, Europe and Africa, and the Asia-Pacific. The company operates through three segments: Materialise Software, Materialise Medical, and Materialise Manufacturing. The Materialise Software segment offers software through programs and platforms that enable and enhance the functionality of 3D printers and of 3D printing operations.