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

Markforged Holding Co. (NYSE:MKFG) was the recipient of a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 96,200 shares, a decrease of 17.6% from the January 15th total of 116,700 shares. Currently, 0.8% of the shares of the stock are sold short. Based on an average daily volume of 92,700 shares, the short-interest ratio is currently 1.0 days.

Institutional Trading of Markforged

A number of institutional investors have recently made changes to their positions in the company. Northern Trust Corp raised its stake in Markforged by 19.9% in the 4th quarter. Northern Trust Corp now owns 27,220 shares of the company’s stock valued at $85,000 after purchasing an additional 4,511 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Markforged by 9.7% during the fourth quarter. Geode Capital Management LLC now owns 125,777 shares of the company’s stock worth $395,000 after buying an additional 11,099 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Markforged by 104.5% in the fourth quarter. Renaissance Technologies LLC now owns 43,639 shares of the company’s stock valued at $137,000 after buying an additional 22,300 shares during the last quarter. Wolverine Asset Management LLC lifted its stake in shares of Markforged by 336.2% in the fourth quarter. Wolverine Asset Management LLC now owns 32,731 shares of the company’s stock worth $103,000 after buying an additional 25,228 shares in the last quarter. Finally, Virtu Financial LLC acquired a new position in Markforged during the fourth quarter worth about $116,000. 87.30% of the stock is owned by institutional investors and hedge funds.

Markforged Trading Down 1.5 %

Shares of Markforged stock opened at $3.01 on Monday. Markforged has a twelve month low of $1.57 and a twelve month high of $8.80. The firm’s 50-day moving average price is $3.32 and its 200 day moving average price is $3.49. The firm has a market capitalization of $61.96 million, a PE ratio of -0.69 and a beta of 1.50.

Markforged Company Profile

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.