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. Based on an average trading volume of 105,600 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.6% of the company’s shares are short sold.

Hedge Funds Weigh In On Markforged

Hedge funds have recently made changes to their positions in the business. Wolverine Asset Management LLC increased its holdings in 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 during the last quarter. Virtu Financial LLC acquired a new stake in Markforged during the 4th quarter valued at $116,000. Geode Capital Management LLC raised its holdings in shares of Markforged by 9.7% in the fourth quarter. Geode Capital Management LLC now owns 125,777 shares of the company’s stock valued at $395,000 after buying an additional 11,099 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of Markforged by 104.5% during the fourth quarter. Renaissance Technologies LLC now owns 43,639 shares of the company’s stock worth $137,000 after purchasing an additional 22,300 shares in the last quarter. Finally, Gabelli Funds LLC increased its stake in shares of Markforged by 426.3% in the 4th quarter. Gabelli Funds LLC now owns 470,404 shares of the company’s stock valued at $1,477,000 after buying an additional 381,030 shares during the period. Institutional investors and hedge funds own 87.30% of the company’s stock.

Markforged Trading Down 1.8 %

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

Markforged (NYSE:MKFG) last issued its earnings results on Friday, March 28th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.09). Markforged had a negative net margin of 101.18% and a negative return on equity of 34.99%. The company had revenue of $22.30 million during the quarter, compared to analyst estimates of $22.30 million. Sell-side analysts forecast that Markforged will post -2 EPS for the current year.

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.