Short Interest in Markforged Holding Co. (NYSE:MKFG) Decreases By 22.1%

Markforged Holding Co. (NYSE:MKFG) was the target of a significant decline in short interest in November. As of November 30th, there was short interest totalling 198,900 shares, a decline of 22.1% from the November 15th total of 255,200 shares. Based on an average daily volume of 280,100 shares, the short-interest ratio is presently 0.7 days. Approximately 1.7% of the shares of the company are sold short.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Markforged

An institutional investor recently raised its position in Markforged stock. ARK Investment Management LLC boosted its holdings in Markforged Holding Co. (NYSE:MKFG) by 1.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,832,300 shares of the company’s stock after purchasing an additional 237,967 shares during the quarter. ARK Investment Management LLC owned approximately 9.35% of Markforged worth $7,721,000 as of its most recent filing with the Securities and Exchange Commission. 87.30% of the stock is currently owned by institutional investors and hedge funds.

Markforged Stock Up 0.5 %

Shares of Markforged stock traded up $0.02 during trading on Monday, hitting $4.18. 70,052 shares of the company were exchanged, compared to its average volume of 103,665. The firm has a 50 day moving average price of $4.34 and a 200 day moving average price of $3.85. The stock has a market capitalization of $86.19 million, a price-to-earnings ratio of -0.96 and a beta of 1.47. Markforged has a fifty-two week low of $1.57 and a fifty-two week high of $8.80.

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.