Markforged Holding Co. (NYSE:MKFG) Short Interest Update

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

Markforged Stock Performance

Shares of Markforged stock traded up $0.01 during midday trading on Friday, reaching $3.46. 38,925 shares of the company’s stock traded hands, compared to its average volume of 40,239. Markforged has a 52 week low of $1.57 and a 52 week high of $8.80. The company’s 50 day simple moving average is $3.77 and its 200 day simple moving average is $3.69. The company has a market cap of $71.35 million, a price-to-earnings ratio of -0.80 and a beta of 1.51.

Analysts Set New Price Targets

A number of research firms recently issued reports on MKFG. Cantor Fitzgerald reissued a “neutral” rating and set a $5.00 price objective (down previously from $8.50) on shares of Markforged in a research report on Thursday, September 26th. Lake Street Capital reissued a “hold” rating on shares of Markforged in a research note on Thursday, September 26th.

Hedge Funds Weigh In On Markforged

A hedge fund recently raised its stake in Markforged stock. Divisar Capital Management LLC lifted its stake in Markforged Holding Co. (NYSE:MKFG) by 7.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,864,892 shares of the company’s stock after acquiring an additional 561,304 shares during the period. Divisar Capital Management LLC owned 3.91% of Markforged worth $3,225,000 at the end of the most recent reporting period. Institutional investors and hedge funds 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.