Short Interest in Matterport, Inc. (NASDAQ:MTTR) Rises By 22.3%

Matterport, Inc. (NASDAQ:MTTR) was the recipient of a large growth in short interest in 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. Based on an average daily trading volume, of 3,930,000 shares, the days-to-cover ratio is presently 2.1 days. Currently, 3.0% of the company’s stock are sold short.

Institutional Trading of Matterport

Hedge funds have recently made changes to their positions in the stock. Mackenzie Financial Corp boosted its stake in Matterport by 1.9% during the 4th quarter. Mackenzie Financial Corp now owns 847,949 shares of the company’s stock valued at $4,019,000 after acquiring an additional 16,100 shares during the last quarter. BCK Capital Management LP lifted its position in shares of Matterport by 80.0% during the fourth quarter. BCK Capital Management LP now owns 668,411 shares of the company’s stock worth $3,168,000 after purchasing an additional 297,073 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Matterport by 19.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 679,310 shares of the company’s stock worth $3,220,000 after purchasing an additional 112,232 shares in the last quarter. Western Standard LLC increased its holdings in Matterport by 120.6% in the fourth quarter. Western Standard LLC now owns 1,628,724 shares of the company’s stock valued at $7,720,000 after buying an additional 890,507 shares during the last quarter. Finally, Woodline Partners LP increased its holdings in Matterport by 20.5% in the fourth quarter. Woodline Partners LP now owns 1,607,016 shares of the company’s stock valued at $7,617,000 after buying an additional 272,977 shares during the last quarter. Institutional investors and hedge funds own 36.96% of the company’s stock.

Matterport Stock Performance

NASDAQ:MTTR remained flat at $5.38 on Thursday. The business has a fifty day moving average price of $5.15 and a 200-day moving average price of $4.82. The company has a market capitalization of $1.74 billion, a PE ratio of -6.48 and a beta of 1.06. Matterport has a 52-week low of $1.73 and a 52-week high of $5.46.

Matterport (NASDAQ:MTTR) last issued its quarterly earnings results on Wednesday, February 26th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.11). Matterport had a negative net margin of 157.21% and a negative return on equity of 32.19%. The business had revenue of $43.82 million during the quarter, compared to analysts’ expectations of $42.87 million. On average, research analysts expect that Matterport will post -0.44 earnings per share for the current fiscal 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.