Markforged Holding Co. (NYSE:MKFG) Short Interest Down 22.1% in November

Markforged Holding Co. (NYSE:MKFG) saw a large decline in short interest in November. As of November 30th, there was short interest totalling 198,900 shares, a decline of 22.1% from the November 15th total of 255,200 shares. Based on an average daily volume of 280,100 shares, the short-interest ratio is presently 0.7 days. Approximately 1.7% of the company’s stock are sold short.

Markforged Stock Up 0.5 %

MKFG stock traded up $0.02 during midday trading on Monday, hitting $4.18. The company’s stock had a trading volume of 70,052 shares, compared to its average volume of 103,665. Markforged has a 12 month low of $1.57 and a 12 month high of $8.80. The firm has a market capitalization of $86.19 million, a price-to-earnings ratio of -0.96 and a beta of 1.47. The company has a 50 day moving average of $4.34 and a two-hundred day moving average of $3.85.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Markforged stock. ARK Investment Management LLC grew its position in shares of Markforged Holding Co. (NYSE:MKFG) by 1.3% in the second quarter, according to its most recent filing with the SEC. The fund owned 18,832,300 shares of the company’s stock after acquiring an additional 237,967 shares during the quarter. ARK Investment Management LLC owned about 9.35% of Markforged worth $7,721,000 at the end of the most recent reporting period. 87.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on MKFG. Lake Street Capital reiterated a “hold” rating on shares of Markforged in a research note on Thursday, September 26th. Cantor Fitzgerald reissued a “neutral” rating and issued a $5.00 target price (down previously from $8.50) on shares of Markforged in a research report on Thursday, September 26th.

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.