Short Interest in Markforged Holding Co. (NYSE:MKFG) Decreases By 22.3%

Markforged Holding Co. (NYSE:MKFG) was the recipient of a significant decrease in short interest in November. As of November 15th, there was short interest totalling 255,200 shares, a decrease of 22.3% from the October 31st total of 328,400 shares. Based on an average daily volume of 272,400 shares, the days-to-cover ratio is currently 0.9 days. Currently, 2.1% of the shares of the company are short sold.

Wall Street Analyst Weigh In

Several research firms have issued reports on MKFG. Lake Street Capital restated a “hold” rating on shares of Markforged in a research note on Thursday, September 26th. Cantor Fitzgerald restated a “neutral” rating and set a $5.00 price objective (down previously from $8.50) on shares of Markforged in a research report on Thursday, September 26th.

Markforged Stock Performance

MKFG stock opened at $3.97 on Friday. Markforged has a 1 year low of $1.57 and a 1 year high of $8.80. The stock’s fifty day moving average price is $4.32 and its 200-day moving average price is $3.90.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of MKFG. Jacobs Levy Equity Management Inc. lifted its stake in shares of Markforged by 40.4% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 839,962 shares of the company’s stock worth $702,000 after purchasing an additional 241,706 shares during the period. Summit Partners L P raised its position in Markforged by 0.9% in the second quarter. Summit Partners L P now owns 14,731,565 shares of the company’s stock worth $6,040,000 after acquiring an additional 136,364 shares during the period. ARK Investment Management LLC raised its position in Markforged by 1.3% in the second quarter. ARK Investment Management LLC now owns 18,832,300 shares of the company’s stock worth $7,721,000 after acquiring an additional 237,967 shares during the period. Finally, Divisar Capital Management LLC boosted its stake in shares of Markforged by 7.7% during the 2nd quarter. Divisar Capital Management LLC now owns 7,864,892 shares of the company’s stock worth $3,225,000 after acquiring an additional 561,304 shares during the last quarter. 87.30% of the stock is owned by hedge funds and other 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.