Materialise NV (NASDAQ:MTLS) Short Interest Down 30.5% in January

Materialise NV (NASDAQ:MTLS) was the target of a significant decline in short interest in January. As of January 31st, there was short interest totalling 93,600 shares, a decline of 30.5% from the January 15th total of 134,700 shares. Based on an average daily volume of 203,100 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Investors Weigh In On Materialise

Several hedge funds and other institutional investors have recently modified their holdings of the company. State of Tennessee Department of Treasury increased its holdings in shares of Materialise by 71.9% during the fourth quarter. State of Tennessee Department of Treasury now owns 22,415 shares of the software maker’s stock valued at $158,000 after acquiring an additional 9,378 shares in the last quarter. Marshall Wace LLP increased its holdings in shares of Materialise by 10.3% during the fourth quarter. Marshall Wace LLP now owns 275,496 shares of the software maker’s stock valued at $1,939,000 after acquiring an additional 25,630 shares in the last quarter. EAM Global Investors LLC bought a new stake in shares of Materialise during the fourth quarter valued at approximately $392,000. Jump Financial LLC bought a new stake in shares of Materialise during the fourth quarter valued at approximately $163,000. Finally, Renaissance Group LLC bought a new stake in shares of Materialise during the fourth quarter valued at approximately $2,136,000. Institutional investors own 19.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Materialise from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 13th.

Materialise Trading Up 2.2 %

MTLS stock traded up $0.21 during mid-day trading on Friday, reaching $9.62. The company’s stock had a trading volume of 343,077 shares, compared to its average volume of 178,606. The company has a market cap of $568.25 million, a price-to-earnings ratio of 50.63 and a beta of 1.22. The business’s 50 day moving average price is $7.98 and its 200 day moving average price is $6.59. The company has a current ratio of 1.81, a quick ratio of 1.65 and a debt-to-equity ratio of 0.10. Materialise has a 12 month low of $4.70 and a 12 month high of $9.69.

About Materialise

Materialise NV provides additive manufacturing and medical software, and 3D printing services in the Americas, Europe and Africa, and the Asia-Pacific. The company operates through three segments: Materialise Software, Materialise Medical, and Materialise Manufacturing. The Materialise Software segment offers software through programs and platforms that enable and enhance the functionality of 3D printers and of 3D printing operations.