Matterport, Inc. (NASDAQ:MTTR) Short Interest Update

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

Institutional Investors Weigh In On Matterport

A number of institutional investors have recently added to or reduced their stakes in the company. Versant Capital Management Inc purchased a new position in shares of Matterport in the 4th quarter worth about $29,000. Allspring Global Investments Holdings LLC purchased a new position in Matterport in the third quarter valued at approximately $30,000. Vestcor Inc acquired a new position in Matterport during the fourth quarter valued at approximately $33,000. SBI Securities Co. Ltd. purchased a new stake in Matterport during the fourth quarter worth approximately $34,000. Finally, CIBC Asset Management Inc purchased a new stake in Matterport during the fourth quarter worth approximately $50,000. Hedge funds and other institutional investors own 36.96% of the company’s stock.

Matterport Price Performance

Shares of MTTR remained flat at $5.38 during mid-day trading on Thursday. Matterport has a 52 week low of $1.73 and a 52 week high of $5.46. The business has a 50 day simple moving average of $5.15 and a 200 day simple moving average of $4.82. The stock 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 announced its quarterly earnings results 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 company had revenue of $43.82 million during the quarter, compared to analyst estimates of $42.87 million. Matterport had a negative net margin of 157.21% and a negative return on equity of 32.19%. As a group, sell-side analysts expect that Matterport will post -0.44 EPS for the current year.

Matterport Company Profile

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.