Matterport, Inc. (NASDAQ:MTTR) Short Interest Up 22.3% in February

Matterport, Inc. (NASDAQ:MTTR) was the target of a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 8,330,000 shares, a growth of 22.3% from the January 31st total of 6,810,000 shares. Approximately 3.0% of the company’s shares are short sold. Based on an average daily volume of 3,930,000 shares, the short-interest ratio is currently 2.1 days.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Versant Capital Management Inc bought a new position in Matterport in the 4th quarter valued at $29,000. Allspring Global Investments Holdings LLC bought a new position in shares of Matterport in the third quarter worth about $30,000. Vestcor Inc purchased a new position in Matterport in the 4th quarter worth about $33,000. SBI Securities Co. Ltd. purchased a new position in Matterport in the 4th quarter worth about $34,000. Finally, CIBC Asset Management Inc bought a new stake in Matterport during the 4th quarter valued at about $50,000. Institutional investors own 36.96% of the company’s stock.

Matterport Stock Performance

Shares of NASDAQ MTTR remained flat at $5.38 during trading hours on Wednesday. The company has a 50-day moving average of $5.13 and a 200 day moving average of $4.81. Matterport has a one year low of $1.73 and a one year high of $5.46. The company has a market cap of $1.74 billion, a P/E ratio of -6.48 and a beta of 1.06.

Matterport (NASDAQ:MTTR) last posted its quarterly earnings data on Wednesday, February 26th. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.11). The firm had revenue of $43.82 million for the quarter, compared to the consensus estimate of $42.87 million. Matterport had a negative net margin of 157.21% and a negative return on equity of 32.19%. Sell-side analysts predict that Matterport will post -0.44 earnings per share for the current year.

About Matterport

Matterport, Inc, a spatial data company, focuses on digitization and datafication in the United States and internationally. The company offers Matterport Capture Services, a fully managed solution for enterprise subscribers; Matterport Pro3, a 3D camera that scans properties; Matterport Pro2, a 3D camera that captures spaces; LEICA BLK360, a device to create digital twins; Smartphone Capture, a smartphone capture solution for both iOS and Android; and 360 Cameras.