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

Markforged Holding Co. (NYSE:MKFG) saw a significant decrease in short interest in December. As of December 31st, there was short interest totalling 126,500 shares, a decrease of 19.9% from the December 15th total of 158,000 shares. Based on an average trading volume of 123,800 shares, the short-interest ratio is currently 1.0 days. Currently, 1.1% of the shares of the company are sold short.

Analysts Set New Price Targets

A number of analysts recently commented on MKFG shares. Cantor Fitzgerald reiterated a “neutral” rating and set a $5.00 price target (down from $8.50) on shares of Markforged in a report on Thursday, September 26th. Lake Street Capital reiterated a “hold” rating on shares of Markforged in a research note on Thursday, September 26th.

Markforged Stock Up 2.4 %

MKFG opened at $3.47 on Wednesday. Markforged has a twelve month low of $1.57 and a twelve month high of $8.80. The company’s 50-day moving average price is $3.81 and its two-hundred day moving average price is $3.69. The stock has a market cap of $71.55 million, a price-to-earnings ratio of -0.80 and a beta of 1.51.

Hedge Funds Weigh In On Markforged

A hedge fund recently raised its stake in Markforged stock. Divisar Capital Management LLC raised its position in Markforged Holding Co. (NYSE:MKFG) by 7.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,864,892 shares of the company’s stock after buying an additional 561,304 shares during the quarter. Divisar Capital Management LLC owned about 3.91% of Markforged worth $3,225,000 at the end of the most recent reporting period. Institutional investors own 87.30% of the company’s stock.

Markforged Company Profile

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.