Materialise NV (NASDAQ:MTLS) Short Interest Up 298.5% in December

Materialise NV (NASDAQ:MTLS) saw a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 245,500 shares, an increase of 298.5% from the November 30th total of 61,600 shares. Based on an average daily trading volume, of 179,700 shares, the days-to-cover ratio is currently 1.4 days.

Materialise Price Performance

NASDAQ:MTLS traded up $0.03 during trading hours on Thursday, hitting $7.36. The company’s stock had a trading volume of 53,699 shares, compared to its average volume of 116,116. Materialise has a 52-week low of $4.70 and a 52-week high of $8.50. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.65 and a current ratio of 1.81. The business’s 50-day moving average is $6.91 and its two-hundred day moving average is $5.84. The company has a market capitalization of $434.73 million, a PE ratio of 38.74 and a beta of 1.19.

Institutional Trading of Materialise

Several hedge funds and other institutional investors have recently made changes to their positions in MTLS. Rock Point Advisors LLC increased its holdings in Materialise by 15.9% in the third quarter. Rock Point Advisors LLC now owns 777,465 shares of the software maker’s stock valued at $4,261,000 after buying an additional 106,564 shares in the last quarter. Ballentine Partners LLC acquired a new stake in shares of Materialise in the 3rd quarter worth approximately $124,000. Quadrature Capital Ltd increased its stake in Materialise by 104.0% in the 3rd quarter. Quadrature Capital Ltd now owns 36,350 shares of the software maker’s stock valued at $199,000 after purchasing an additional 18,532 shares in the last quarter. Disciplined Growth Investors Inc. MN raised its holdings in Materialise by 0.5% during the third quarter. Disciplined Growth Investors Inc. MN now owns 1,601,641 shares of the software maker’s stock worth $8,777,000 after purchasing an additional 8,089 shares during the last quarter. Finally, Quintet Private Bank Europe S.A. boosted its position in Materialise by 51.4% during the third quarter. Quintet Private Bank Europe S.A. now owns 21,965 shares of the software maker’s stock worth $120,000 after purchasing an additional 7,459 shares in the last quarter. Institutional investors and hedge funds own 19.30% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Materialise from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 13th.

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.