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

Markforged Holding Co. (NYSE:MKFG) was the target of a large drop in short interest during the month of January. As of January 31st, there was short interest totalling 96,200 shares, a drop of 17.6% from the January 15th total of 116,700 shares. Based on an average trading volume of 92,700 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.8% of the company’s shares are sold short.

Markforged Stock Performance

Shares of NYSE MKFG opened at $3.01 on Friday. The firm has a 50 day moving average price of $3.32 and a 200 day moving average price of $3.49. The stock has a market cap of $61.96 million, a P/E ratio of -0.69 and a beta of 1.50. Markforged has a 52-week low of $1.57 and a 52-week high of $8.80.

Institutional Trading of Markforged

Large investors have recently made changes to their positions in the company. Northern Trust Corp lifted its holdings in Markforged by 19.9% during the fourth quarter. Northern Trust Corp now owns 27,220 shares of the company’s stock worth $85,000 after acquiring an additional 4,511 shares in the last quarter. Wolverine Asset Management LLC lifted its holdings in shares of Markforged by 336.2% during the 4th quarter. Wolverine Asset Management LLC now owns 32,731 shares of the company’s stock valued at $103,000 after purchasing an additional 25,228 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of Markforged in the 4th quarter valued at approximately $116,000. Renaissance Technologies LLC increased its stake in Markforged by 104.5% during the 4th quarter. Renaissance Technologies LLC now owns 43,639 shares of the company’s stock worth $137,000 after purchasing an additional 22,300 shares in the last quarter. Finally, Credit Industriel ET Commercial acquired a new stake in Markforged during the 4th quarter worth approximately $344,000. Institutional investors own 87.30% of the company’s stock.

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.