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

Markforged Holding Co. (NYSE:MKFG) saw a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 77,500 shares, a decrease of 16.1% from the February 28th total of 92,400 shares. Currently, 0.6% of the company’s shares are short sold. Based on an average daily volume of 105,600 shares, the days-to-cover ratio is currently 0.7 days.

Markforged Price Performance

Shares of Markforged stock traded down $0.09 during trading on Tuesday, reaching $4.59. 197,678 shares of the company traded hands, compared to its average volume of 128,978. The company has a 50 day moving average price of $2.98 and a 200-day moving average price of $3.58. The firm has a market capitalization of $94.73 million, a PE ratio of -1.06 and a beta of 1.50. Markforged has a 1-year low of $1.57 and a 1-year high of $8.80.

Markforged (NYSE:MKFG) last announced its quarterly earnings data on Friday, March 28th. The company reported ($0.42) earnings per share for the quarter, missing the consensus estimate of ($0.33) by ($0.09). The firm had revenue of $22.30 million for the quarter, compared to the consensus estimate of $22.30 million. Markforged had a negative net margin of 101.18% and a negative return on equity of 34.99%. Equities research analysts expect that Markforged will post -2 earnings per share for the current year.

Hedge Funds Weigh In On Markforged

Several institutional investors have recently modified their holdings of the company. Gabelli Funds LLC raised its holdings in Markforged by 426.3% in the 4th quarter. Gabelli Funds LLC now owns 470,404 shares of the company’s stock worth $1,477,000 after purchasing an additional 381,030 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. grew its holdings in shares of Markforged by 96.5% in the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 313,665 shares of the company’s stock worth $985,000 after acquiring an additional 154,000 shares during the period. Cigogne Management SA purchased a new position in shares of Markforged during the 4th quarter worth $483,000. Credit Industriel ET Commercial purchased a new position in Markforged during the fourth quarter valued at approximately $344,000. Finally, Virtu Financial LLC purchased a new position in shares of Markforged in the fourth quarter valued at about $116,000. 87.30% of the stock is currently owned by institutional investors.

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.