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

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Northern Trust Corp raised its stake in Markforged by 19.9% during 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 increased its position in shares of Markforged by 9.7% during the 4th quarter. Geode Capital Management LLC now owns 125,777 shares of the company’s stock worth $395,000 after purchasing an additional 11,099 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Markforged by 104.5% in the 4th quarter. Renaissance Technologies LLC now owns 43,639 shares of the company’s stock worth $137,000 after acquiring an additional 22,300 shares in the last quarter. Squarepoint Ops LLC increased its stake in shares of Markforged by 182.7% in the fourth quarter. Squarepoint Ops LLC now owns 37,618 shares of the company’s stock valued at $118,000 after buying an additional 24,309 shares in the last quarter. Finally, Wolverine Asset Management LLC raised 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 acquiring an additional 25,228 shares during the last quarter. 87.30% of the stock is currently owned by institutional investors and hedge funds.

Markforged Price Performance

Shares of NYSE MKFG traded down $0.06 during trading hours on Thursday, hitting $4.65. 104,654 shares of the stock were exchanged, compared to its average volume of 131,262. The firm has a market capitalization of $95.88 million, a P/E ratio of -1.07 and a beta of 1.50. Markforged has a one year low of $1.57 and a one year high of $8.27. The company’s 50 day moving average is $3.03 and its 200 day moving average is $3.61.

Markforged (NYSE:MKFG) last issued its quarterly earnings results on Friday, March 28th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $22.30 million during the quarter, compared to analyst estimates of $22.30 million. Research analysts anticipate that Markforged will post -2 earnings per share for the current fiscal 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.